• Aug 21 - Currency Traders Accurately Signal Japanese Yen Gains
• Aug 14 - Currency Traders Signal USDJPY May Decline Before Further Gains
• Aug 11 - Currency Traders Sell US Dollars Against Yen
• Aug 01 - Steady USDJPY Short Interest May Portend A Break Of 108.50
• Jul 17 - A USDJPY Breakdown Encourages Speculators To Fight The Trend
• Jul 11 - Positioning In USDJPY Falls Back To Parity As Speculators Await A Breakout
• Jul 03 - A Flip In USDJPY Positioning Suggests The Rally May Be Coming To An End
• Jun 26 - USDJPY Sentiment Points To Further Upside, Though Momentum Fading
• Jun 19 - Speculative Interest In USDJPY Jumps As SSI Points To Further Gains
• Jun 12 - A Directional Break Leads USDJPY SSI To Extreme
• Jun 05 - USDJPY Flirts With A Major Breakout As Positioning Grows Extreme
• May 29 - USDJPY Positioning Takes A Bias, Points To Upside Breakout
• May 22 - USDJPY Open Interest Plunges As Pair Maintains Congestion
• May 15 - Growing USDJPY Shorts And Open Interest Build For Breakout
• May 08 - Traders Split On USDJPY As Pair Consolidates
• May 01 - USDJPY Steady Advance Supported By Modest SSI Reading
• Apr 24 - Contrarian Reading Points To Stronger USDJPY Advance
• Apr 17 - Yen Traders Take On Shorts As USDJPY Shows Upside Potential
• Apr 03 - Yen Sentiment Flips After USDJPY Rises Above 100
• Mar 27 - Yen Positioning Cools For A Second Week

USDJPY – A notable break in a medium-term USDJPY trend has led to a flip in speculative positioning as the often counter-trend retail community looks to fight the developing trend. With a break in the rising trend from April, the Speculative Sentiment Index jumped to 1.38 from the near-parity reading of 1.01 last week. In fact, the net positive figures from last week are the most extreme since March when the pair marked its major reversal from 12-year lows. The details of the report reflect a retail group that is betting on a return to the bullish trend. From the report’s details, long trades slipped 0.6% in the last 24 hours but surged 43.4% from last week. At the same time, shorts are up 0.7% on the day and only 6.2% lower on the week. The heavy activity on only one side of the market has shown through in open interest. Net positioning grew 18.4% over the week and is 18.1% above the monthly average. As a contrarian indicator, the SSI is suggesting the recent downside break is developing into a potential trend change.