ssi_eurjpy_body_Picture_8.png, Japanese Yen at a Potentially Significant Turning Point

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

EURJPYA substantial swing in Japanese Yen trading sentiment warns that that the currency may have bottomed (USDJPY, EURJPY topped), but the next Yen move is critical as it nears major resistance.

Trade Implications – JPY Pairs: Retail FX traders recently turned net-long the Euro against the Japanese Yen for the first time since November, and a purely contrarian view of crowd sentiment favors further EURJPY weakness. Yet we need to see the USDJPY gain traction below major support near ¥103.35 to confirm that further JPY strength is likely.

Written by David Rodriguez, Quantitative Strategist for

ssi_eurjpy_body_Picture_7.png, Japanese Yen at a Potentially Significant Turning Point

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 Christopher via

Twitter at