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USDJPY-Currency Traders Accurately Signal Japanese Yen Gains
Thursday, 04 September 2008 14:43:09 GMT  |  David Rodriguez, Quantitative Analyst
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USD/JPY Ratio: 1.41
Trading Signal: Bearish

Forex Positioning in the US Dollar/Japanese Yen

 

Currency Last Week Present* % Long % Change in Positions Outstanding Signal
USDJPY 1.08 1.41 58% -2.63% Bearish

SSI2_09_04_08

USDJPY – The ratio of long to short positions in the USDJPY stands at 1.41 as nearly 58% of traders are long. Yesterday, the ratio was at 1.23 as 55% of open positions were long. In detail, long positions are 17.9% higher than yesterday and 39.1% stronger since last week. Short positions are 2.8% higher than yesterday and 31.6% weaker since last week. Open interest is 11.1% stronger than yesterday and 8.8% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses. Discuss your own forecasts for the USDJPY in our forex forum.

 

 

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