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Japanese Yen to Fall Further on One-sided Trading
Thursday, 26 February 2009 13:25:48 GMT
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- 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, 19 February 2009 13:41:13 GMT Forex Traders Flip Long the USD/JPY – Reversal Likely
- Thursday, 12 February 2009 13:41:13 GMT Forex Traders Remain Heavily Long the USD/JPY – Losses Likely
- Thursday, 05 February 2009 13:58:12 GMT Forex Traders Remain Heavily Long the USD/JPY – Losses Likely
USD/JPY ratio: -1.15
Trading Forecast: Bullish
USDJPY – Our contrarian forex trading strategies remain long the USD/JPY, as forex sentiment has increasingly pointed to further rallies. Indeed, the forex trading crowd remains net-short the currency pair; only 47 percent of traders are currently long. Yesterday we saw that 55 percent of open positions were long, but a 79.8 percent surge in short positions clearly shows that sentiment has turned. Long positions, by comparison, are only 29.6 percent higher overnight. When price is trending higher and the crowd continues to sell into rallies, our Speculative Sentiment Index gives a contrarian signal to continue buying into price advances.
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