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SSI: USDJPY Ratio Hits Fresh Extremes As Traders Bet on Bank of Japan

SSI: USDJPY Ratio Hits Fresh Extremes As Traders Bet on Bank of Japan

2011-03-16 16:45:00
David Rodriguez, Head of Product
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FXCM Speculative Sentiment Index (SSI) Statistics:

SSI_Post_2_body_Picture_3.png, SSI: USDJPY Ratio Hits Fresh Extremes As Traders Bet on Bank of JapanSSI_Post_2_body_Picture_4.png, SSI: USDJPY Ratio Hits Fresh Extremes As Traders Bet on Bank of Japan

Currency Spotlight:

SSI_Post_2_body_Picture_5.png, SSI: USDJPY Ratio Hits Fresh Extremes As Traders Bet on Bank of Japan

USDJPY - The ratio of long to short positions in the USDJPY stands at 8.37 as nearly 89% of traders are long. Yesterday, the ratio was at 8.53 as 90% of open positions were long. In detail, long positions are 9.2% higher than yesterday and 47.8% stronger since last week. Short positions are 11.2% higher than yesterday and 26.5% weaker since last week. Open interest is 9.4% stronger than yesterday and 27.8% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

SSI Details:

EURUSD - The ratio of long to short positions in the EURUSD stands at -2.19 as nearly 69% of traders are short. Yesterday, the ratio was at -2.80 as 74% of open positions were short. In detail, long positions are 19.5% higher than yesterday and 18.6% weaker since last week. Short positions are 6.6% lower than yesterday and 4.0% stronger since last week. Open interest is 0.3% stronger than yesterday and 4.7% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.

GBPUSD - The ratio of long to short positions in the GBPUSD stands at 1.47 as nearly 60% of traders are long. Yesterday, the ratio was at 1.20 as 55% of open positions were long. In detail, long positions are 7.6% higher than yesterday and 55.6% stronger since last week. Short positions are 12.3% lower than yesterday and 16.3% weaker since last week. Open interest is 1.5% weaker than yesterday and 6.5% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.

GBPJPY - The ratio of long to short positions in the GBPJPY stands at 5.81 as nearly 85% of traders are long. Yesterday, the ratio was at 4.09 as 80% of open positions were long. In detail, long positions are 24.0% higher than yesterday and 202.2% stronger since last week. Short positions are 12.7% lower than yesterday and 94.3% weaker since last week. Open interest is 16.8% stronger than yesterday and 46.2% below its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.

USDJPY - The ratio of long to short positions in the USDJPY stands at 8.37 as nearly 89% of traders are long. Yesterday, the ratio was at 8.53 as 90% of open positions were long. In detail, long positions are 9.2% higher than yesterday and 47.8% stronger since last week. Short positions are 11.2% higher than yesterday and 26.5% weaker since last week. Open interest is 9.4% stronger than yesterday and 27.8% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

USDCHF - The ratio of long to short positions in the USDCHF stands at 8.55 as nearly 90% of traders are long. Yesterday, the ratio was at 8.02 as 89% of open positions were long. In detail, long positions are 2.8% higher than yesterday and 29.0% stronger since last week. Short positions are 3.6% lower than yesterday and 18.1% weaker since last week. Open interest is 2.1% stronger than yesterday and 19.9% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.

USDCAD - The ratio of long to short positions in the USDCAD stands at 2.35 as nearly 70% of traders are long. Yesterday, the ratio was at 3.36 as 77% of open positions were long. In detail, long positions are 8.1% lower than yesterday and 57.0% weaker since last week. Short positions are 31.6% higher than yesterday and 42.3% stronger since last week. Open interest is 1.0% stronger than yesterday and 32.9% below its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.

AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.13 as nearly 53% of traders are short. Yesterday, the ratio was at -1.27 as 56% of open positions were short. In detail, long positions are 10.0% higher than yesterday and 31.7% stronger since last week. Short positions are 2.5% lower than yesterday and 35.5% weaker since last week. Open interest is 3.0% stronger than yesterday and 16.3% below its monthly average. The SSI is a contrarian indicator and signals more AUDUSD gains.

NZDUSD - The ratio of long to short positions in the NZDUSD stands at 2.84 as nearly 74% of traders are long. Yesterday, the ratio was at 2.85 as 74% of open positions were long. In detail, long positions are 0.4% lower than yesterday and 74.6% stronger since last week. Short positions are 0.0% lower than yesterday and 35.4% weaker since last week. Open interest is 0.3% weaker than yesterday and 31.3% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD losses.

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