Japanese Yen Forecast to Rally Further
USDJPY – The ratio of long to short positions in the USDJPY stands at 2.52 as nearly 72% of traders are long. Yesterday, the ratio was at 3.41 as 77% of open positions were long. In detail, long positions are 8.2% lower than yesterday and 10.1% stronger since last week. Short positions are 24.0% higher than yesterday and 38.9% stronger since last week. Open interest is 0.9% weaker than yesterday and 14.8% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.
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