Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account


FOREX ANALYSIS: Japanese Yen Forecast Remains Bearish

By , Quantitative Strategist
20 December 2012 16:00 GMT
ssi_usd-jpy_body_Picture_10.png, FOREX ANALYSIS: Japanese Yen Forecast Remains Bearish

USDJPY – Forex trading crowds remain long the US Dollar (ticker: USDOLLAR) against the Japanese Yen, but the substantive shift in positioning in the past 3 months leaves us mostly in favor of USDJPY gains.

Our sentiment-based trading strategies have consistently sold the Japanese Yen versus the USD, Euro, British Pound, Australian Dollar, and other counterparts through recent price action. And though there are signs that the USDJPY may be stalling at recent peaks, there is little reason to call for a substantive Yen reversal.

--- Written by David Rodriguez, Quantitative Strategist for

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

New to FX markets? Learn more in our video trading guide.

Contact David via

Twitter at

Facebook at

provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from

20 December 2012 16:00 GMT