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