British Pound Forecast Bearish versus Japanese Yen
USDJPY – The ratio of long to short positions in the USDJPY stands at 3.21 as nearly 76% of traders are long. Yesterday, the ratio was at 2.42 as 71% of open positions were long. In detail, long positions are 11.7% higher than yesterday and 68.5% stronger since last week. Short positions are 15.8% lower than yesterday and 42.7% weaker since last week. Open interest is 3.6% stronger than yesterday and 0.9% below its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.
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