Japanese Yen Forecast to Fall Further (USDJPY, GBPJPY Rally)
Trade Implications – GBPJPY: Retail forex short positions in the GBPJPY have surged by more than 150 percent since last week—leaving total open short positions at their highest since April, 2011 when the GBPJPY was trading near ¥136.
Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.