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Japanese Yen Forecast to Gain Further against USD
Thursday, 13 August 2009 14:53:31 GMT
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Previous Articles
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- Friday, 18 September 2009 15:10:47 GMT Japanese Yen Predicted to Rally vs US Dollar
- 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, 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
USDJPY – Short-term forecasts for the US Dollar/Japanese Yen currency pair remain bearish, but indecisive price action limits our conviction on USDJPY positions. The ratio of long to short positions in the USDJPY stands at 1.60 as nearly 62% of traders are long. This is effectively unchanged from yesterday, and the net-long trading crowd bias gives us contrarian signal to go short the pair. In detail, long positions are 4.5% higher than yesterday and 4.3% stronger since last week. Short positions are 8.9% higher than yesterday and 19.1% weaker since last week. Two of our sentiment-based trading strategies remain short the USDJPY through recent price action.
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