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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 DailyFX.com and twice every trading day inside DailyFX PLUS.


US Dollar Might have Topped versus Yen

US Dollar Might have Topped versus Yen

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USDJPY The US Dollar has been nearly unstoppable versus the Japanese Yen, but early signs suggest Dollar gains may slow or even reverse through the near future.

Trade Implications – JPY Pairs: Our data shows open short positions outnumber those long by a modest 1.1 to 1, and a contrarian view of crowd sentiment leaves us in favor of further USDJPY gains. Yet total long positions have jumped 23 percent since last week, while short positions are down 4 percent.

It’s early, but a more aggressive shift towards retail trader buying would turn us bearish on the recently high-flying Dollar/Yen exchange rate.

See next currency section: AUDUSD - Australian Dollar Remains a Sell until this Changes

Written by David Rodriguez, Quantitative Strategist for DailyFX.com

US Dollar Might have Topped versus Yen

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