USD/JPY ratio: 1.29
Trading Forecast: Bearish

USDJPY – Our contrarian forex trading strategies continue to sell the US Dollar/Japanese Yen currency pair, as forex trading crowds remain very bullish the USD/JPY. The ratio of long to short positions in the USDJPY stands at 1.29 as nearly 56% of traders are long. Yesterday, the ratio was at 1.24 as 55% of open positions were long. In detail, long positions are 7.8% higher than yesterday and 28.0% stronger since last week. Short positions are 3.3% higher than yesterday and 3.1% stronger since last week. The SSI is a contrarian indicator and signals more USDJPY losses.