We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Bullish
USD/JPY
Bearish
Gold
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Bullish
More View more
Real Time News
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: US 500: -0.29% Wall Street: -0.49% France 40: -1.55% Germany 30: -2.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/hPZB536FYs
  • First case of coronavirus in Latin America after Brazilian government confirmation $BRL
  • LIVE NOW! Currency Startegist @PaulRobinsonFX discusses important technical developments relevant to short to intermediate-term commodity and equity index traders here - https://www.dailyfx.com/webinars/816147795?CHID=9&QPID=917720&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Housing data may be more heavily scrutinized in 2020 as softer global growth places more stress on the consumer to keep the American economy afloat. Get your market update from @ZabelinDimitri here: https://t.co/ms4EGbJ1WF https://t.co/sui80Dc5Pz
  • LIVE IN 30 MIN: Currency Startegist @PaulRobinsonFX discusses important technical developments relevant to short to intermediate-term commodity and equity index traders here - https://www.dailyfx.com/webinars/816147795?CHID=9&QPID=917720&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/s57BFFNerk
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/10:30 AM GMT to gain insight on indices and commodities for the active trader. Register here: https://t.co/gghsFsZYlx https://t.co/fxL1oNZFqG
  • RT @IGSouthAfrica: Last chance to register for today's 'Price gap analysis' webinar starting at 12pm with @ShaunMurison_IG register free he…
  • #USD / #ZAR vs SA Financial Index #Budget2020 #CoronavirusOutbreak the major influencers right now https://t.co/jvtDqfnG1e
  • Aside from the equity bloodbath. It is budget day in South Africa. - A poorly received budget will raise the likelihood that Moody's could downgrade SA sovereign debt to junk on March 27th - IMF previously stated that a downgrade could lead to $ZAR 20bln worth of outflows
Looking to Buy USD/JPY

Looking to Buy USD/JPY

2011-09-12 11:01:00
Joel Kruger, Technical Strategist
Share:

We love the idea of looking to establish a long USD/JPY position at current levels but will have to wait for proper entry on the position as our in-house model is warning against taking the trade right now. Although retail positioning in long USD/JPY has scaled back dramatically in recent days from over 10:1, the ratio is still quite high and we need to wait for a normalization before officially entering the position. Still we recommend keeping a close watch for the time being.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.