Trade FOREX with FXCM

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

Resources

Dollar Forecast to Test Fresh Multi-Year Highs versus Yen

By , Quantitative Strategist
03 April 2014 15:30 GMT
ssi_usd-jpy_body_Picture_12.png, Dollar Forecast to Test Fresh Multi-Year Highs versus Yen

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

USDJPYA material turn in retail forex trader sentiment suggests that the US Dollar may continue to fresh multi-year peaks versus the Yen, and our sentiment-based trading strategies are selling aggressively into JPY weakness.

Trade Implications – JPY Pairs: Crowds are now net-short the Dollar against the Japanese Yen for the first time since it traded near multi-year peaks in early January, and the important turn favors strength. A USDJPY close above ¥103.90 would further confirm that the pair is indeed headed for year-to-date highs.

Written by David Rodriguez, Quantitative Strategist for DailyFX.com

ssi_usd-jpy_body_Picture_13.png, Dollar Forecast to Test Fresh Multi-Year Highs versus Yen

Automate our SSI-based trading strategies via Mirror Trader free of charge

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

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

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

03 April 2014 15:30 GMT