Japanese Yen Forecast to Rally Against US Dollar
USDJPY – The ratio of long to short positions in the USDJPY stands at 2.40 as nearly 71% of traders are long. Yesterday, the ratio was at 2.22 as 69% of open positions were long. In detail, long positions are 3.4% higher than yesterday and 2.8% stronger since last week. Short positions are 4.4% lower than yesterday and 24.2% weaker since last week. Open interest is 1.0% stronger than yesterday and 2.1% below its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.
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