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USDJPY - The ratio of long to short positions in the USDJPY stands at 1.34 as nearly 57% of traders are long.

Thursday, 20 December 2007 09:54:30 GMT

Written by Antonio Sousa, Quantitative Strategies Analyst

USD/JPY Ratio: 1.34

Signal: Bearish

USDJPY - The ratio of long to short positions in the USDJPY stands at 1.34 as nearly 57% of traders are long. Yesterday, the ratio was at 1.28 as 56% of open positions were long. In detail, long positions are 8.3% higher than yesterday and 2.4% stronger since last week. Short positions are 3.0% higher than yesterday and 14.9% stronger since last week. Open interest is 5.9% stronger than yesterday and 10.5% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

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