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Japanese Yen Remains an Attractive Sell Opportunity until this Changes

Japanese Yen Remains an Attractive Sell Opportunity until this Changes

David Rodriguez, Head of Product

- Euro forecast to trade higher versus the US Dollar and Japanese Yen

- Yet the Dollar remains in Control versus the Sterling, AUD, and NZD

- See full analysis below in individual currency sections

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

View individual currency sections:

EURUSD - Euro Looks Likely to Test $1.26 versus the US Dollar

GBPUSD - British Pound Forecast to Continue Declines versus USD

USDJPY - Yen is Clearly Oversold, but we expect further Weakness

AUDUSD - Australian Dollar Targets Fresh Lows

NZDUSD - New Zealand Dollar remains at Risk of Depreciation

GBPJPY - Sterling Poised for Gains versus Downtrodden Japanese Yen

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

Japanese Yen Remains an Attractive Sell Opportunity until this Changes

The US Dollar is at risk of further weakness versus the Euro, but until we see a sustained shift we predict the USDJPY will trade higher as the Yen tumbles.

See specific US Dollar forecasts in the sections above, and sign up for future e-mail updates via this author’s e-mail distribution list.

Japanese Yen Remains an Attractive Sell Opportunity until this ChangesJapanese Yen Remains an Attractive Sell Opportunity until this Changes

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--- 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

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

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