Japanese Yen Forecast to Bounce versus USD

USDJPY – The ratio of long to short positions in the USDJPY stands at 1.80 as nearly 64% of traders are long. Yesterday, the ratio was at 1.90 as 66% of open positions were long. In detail, long positions are 1.4% lower than yesterday and 0.3% weaker since last week. Short positions are 4.0% higher than yesterday and 10.8% weaker since last week. Open interest is 0.5% stronger than yesterday and 3.4% below its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.