Japanese Yen Poised for Major Move Lower
- US Dollar outlook unclear on recent shifts in sentiment
- Next moves pivotal, but clearest trades in Yen pairs
View individual currency sections:
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
In fact, forex retail crowds are now their most net-short GBPJPY in over 2 years.
Elsewhere recent shifts in sentiment have forced us to reconsider our calls for major US Dollar strength. With the Euro in particular we’ll need to see a material break lower and shift in sentiment to call for further declines.
Read full currency pair-by-currency pair rundowns in the links above, and follow future updates on retail sentiment and our trading strategies via my e-mail distribution list.
Automate our SSI-based trading strategies via Mirror Trader free of charge
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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.