Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account
DailyFX Home / Forex Technical Analysis / Speculative Sentiment Index

SSI: The Speculative Sentiment Index

Symbol LastWeek Present %Long Change:
Open Interest
Signals Chart Links

The SSI is reported Every Thursday at and twice every trading day inside DailyFX PLUS.

Japanese Yen Downtrend Remains Intact

Japanese Yen Downtrend Remains Intact

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

USDJPYImpressively choppy price action in the Dollar/Yen exchange rate and JPY crosses has led to similarly indecisive moves in sentiment. Until we see an important shift we see remain cautiously bullish.

Trade Implications – JPY Pairs:Last week we highlighted risks that the USDJPY may have set an important top as we saw a substantial shift towards retail FX crowd buying. Yet the opposite has since happened, and it seems as though the broader uptrend remains intact. We see little choice but to remain cautiously bullish until we see more concrete signs of a lasting reversal.

See next currency section:AUDUSD - We Favor Selling Australian Dollar until this Changes

Written by David Rodriguez, Quantitative Strategist for

Japanese Yen Downtrend Remains Intact

Automate our SSI-based trading strategies via Mirror Trader free of charge

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at

Latest Topics in the DailyFX Forums

by pac-man
Yesterday at 20:28
by Andrew052
Yesterday at 16:13
by biggari
Yesterday at 11:44
by No money
Yesterday at 11:38