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Japanese Yen Might Drive Big Moves Across Forex Markets

Japanese Yen Might Drive Big Moves Across Forex Markets

David Rodriguez, Head of Product

- Euro looks at major risk versus the resurgent Japanese Yen

- Moves in the USDJPY exchange rate could drive broader market moves

- Extremely one-sided retail forex sentiment warns of potential turn

The Euro trades at critical levels versus the Japanese Yen. Why might the next move in the JPY coincide with a much larger shift in market conditions?

Follow any updates on the Dollar, Yen, and other currencies via this author’s e-mail distribution list.

Euro Holding Critical Support versus Yen but for How Long?

Japanese Yen Might Drive Big Moves Across Forex Markets

Source: FXCM Trading Station Desktop, Prepared by David Rodriguez.

Euro/Yen Positions Hit their Most Extreme Since 2012

Japanese Yen Might Drive Big Moves Across Forex Markets

Source: FXCM Retail FX Positioning Data, Prepared by David Rodriguez.

Forex Volatility Prices Continue to Trade at/near Record Lows

Japanese Yen Might Drive Big Moves Across Forex Markets

Follow any updates on the Dollar, Yen, and other currencies via this author’s e-mail distribution list.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com David specializes in automated trading strategies. Find out more about our automated sentiment-based strategies on DailyFX PLUS.

Contact and follow David via Twitter: https://twitter.com/DRodriguezFX

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

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