News & Analysis at your fingertips.

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. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Japanese Yen Remains a sell versus GBP

Japanese Yen Remains a sell versus GBP

David Rodriguez, Head of Product
Japanese Yen Remains a sell versus GBP

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

GBPJPYRetail FX traders have bought aggressively into Japanese Yen weakness (GBPJPY and USDJPY gains), and a contrarian view of crowd sentiment leaves us in favor of continued declines.

Trade Implications – GBPJPY:Last week we noted a build in GBPJPY-selling as a key reason the pair could continue to test fresh peaks. And though price action has admittedly been choppier than we would like, we see risks of further JPY weakness.

See next currency section:EURUSD - Euro Forecast to Depreciate Further versus Dollar

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

Japanese Yen Remains a sell versus GBP

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 David via

Twitter at http://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

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

DISCLOSURES