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Despite Carry Trade Volatility, Long Positioning Remains Above 105 Support

Thursday, 24 January 2008 16:13:38 GMT

Written by John Kicklighter And Antonio Sousa, Currency Analysts

USD/JPY Ratio: 1.72
Signal: Bearish

Currency Last Week Present* % Long % Change in Positions Outstanding Signal
USD/JPY 1.79 1.72 63% -2.53% Bearish

SSI4_1-24

USDJPY - The ratio of long to short positions in the USDJPY stands at 1.72 as nearly 63% of traders are long. Yesterday, the ratio was at 1.90 as 66% of open positions were long. In detail, long positions are 4.0% lower than yesterday and 16.1% stronger since last week. Short positions are 6.3% higher than yesterday and 23.6% weaker since last week. Open interest is 0.5% weaker than yesterday and 1.4% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

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