USD/JPY Ratio: 1.74 Signal: Bearish
USDJPY –Positioning in the USDJPY has effectively remained unchanged through the past week of trade, with an overall surge in open interest favoring neither side of the trade. In detail, long positions are 6.6% higher than yesterday and 32.1% stronger since last week. Short positions are 7.5% higher than yesterday and 40.1% stronger since last week. Open interest is 6.9% stronger than yesterday and 21.6% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.