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Despite the Recent Volatility Carry Trade Positioning Remains Relatively Unchanged

Thursday, 17 January 2008 15:38:25 GMT

Written by Antonio Sousa, Quantitative Strategies Analyst

USD/JPY Ratio: 1.79
Signal: Bearish

Currency Last Week Present* % Long % Change in Positions Outstanding Signal
USD/JPY 1.78 1.79 64% -1.22% Bearish

SSI01.17.08-5

USDJPY - The ratio of long to short positions in the USDJPY stands at 1.79 as nearly 64% of traders are long. Yesterday, the ratio was at 1.96 as 66% of open positions were long. In detail, long positions are 9.3% lower than yesterday and 13.1% stronger since last week. Short positions are 0.7% lower than yesterday and 19.5% weaker since last week. Open interest is 6.4% weaker than yesterday and 0.3% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

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