Your Source for Daily FOREX Market News and Analysis
Sunday, 08 November 2009 GMT
FOREX ALERTS >>
jpy ssi
Article
Forex Traders Remain Heavily Long the USD/JPY – Losses Likely
Thursday, 12 February 2009 13:41:13 GMT
|
Previous Articles
Print
- Friday, 18 September 2009 15:10:47 GMT Japanese Yen Predicted to Rally vs US Dollar
- Thursday, 13 August 2009 14:53:31 GMT Japanese Yen Forecast to Gain Further against USD
- Thursday, 30 July 2009 14:26:15 GMT Japanese Yen Outlook Unclear Versus US Dollar
- Thursday, 16 July 2009 14:24:14 GMT Japanese Yen Forecast to Rally Further vs US Dollar
- Thursday, 02 July 2009 15:25:42 GMT Japanese Yen Outlook Modestly Bullish Against US Dollar
- Thursday, 04 June 2009 14:21:21 GMT Japanese Yen Forecast Unclear Against US Dollar
- Thursday, 28 May 2009 14:43:03 GMT Japanese Yen Forecast Unclear Against US Dollar
- Thursday, 21 May 2009 14:17:25 GMT Japanese Yen Outlook Remains Positive on Forex Positioning
- Thursday, 14 May 2009 14:47:55 GMT Japanese Yen Outlook Remains Positive on Forex Positioning
- Thursday, 07 May 2009 14:47:33 GMT Japanese Yen Outlook Unclear on Indecisive Price action
- Thursday, 30 April 2009 14:26:38 GMT Japanese Yen Outlook Shifts on Major Price Moves
- Thursday, 23 April 2009 14:09:10 GMT Japanese Yen Forecast Unclear on Hold of Major Trendline
- Thursday, 16 April 2009 14:04:04 GMT Japanese Yen Forecast to Rally Further Versus US Dollar
- Thursday, 09 April 2009 15:42:50 GMT Japanese Yen Expected to Recover Versus US Dollar
- Thursday, 19 March 2009 13:15:07 GMT Japanese Yen to Continue Gaining against USD
- Thursday, 12 March 2009 14:01:23 GMT Japanese Yen to Continue Gaining against USD
- Thursday, 05 March 2009 13:43:37 GMT Japanese Yen May Reverse on Sentiment Shift
- Thursday, 26 February 2009 13:25:48 GMT Japanese Yen to Fall Further on One-sided Trading
- Thursday, 19 February 2009 13:41:13 GMT Forex Traders Flip Long the USD/JPY – Reversal Likely
- Thursday, 05 February 2009 13:58:12 GMT Forex Traders Remain Heavily Long the USD/JPY – Losses Likely
USD/JPY ratio: 1.49
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. In fact, the ratio of long to short positions stands at 1.49 as 60 percent of traders are currently long. A 33 percent overnight jump in long positions signals that sentiment has become increasingly one-sided. Yet short positions are 19.3 percent higher—moderating our bias. The SSI is a contrarian indicator and signals more USDJPY losses, but we would ideally see more aggressive USD/JPY buying to forcefully call for subsequent declines.
Resources
