USDJPY – The ratio of long to short positions in the USDJPY stands at 5.54 as nearly 85% of traders are long. Yesterday, the ratio was at 5.52 as 85% of open positions were long. In detail, long positions are 4.7% higher than yesterday and 9.2% stronger since last week. Short positions are 4.2% higher than yesterday and 18.1% stronger since last week. Open interest is 4.6% stronger than yesterday and 13.0% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses. That said, a view at forex futures and options sentiment warns that we are at a potential Japanese Yen bullish sentiment extreme. The risk of a major USDJPY reversal is high.
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