Japanese Yen Forecast to Rally Against US Dollar
USDJPY – The ratio of long to short positions in the USDJPY stands at 1.82 as nearly 65% of traders are long. Yesterday, the ratio was at 1.53 as 61% of open positions were long. In detail, long positions are 5.7% higher than yesterday and 13.7% weaker since last week. Short positions are 10.9% lower than yesterday and 63.5% stronger since last week. Open interest is 0.8% weaker than yesterday and 22.0% below its monthly average. The SSI is a contrarian indicator, and two of our SSI-based systems are currently short the USDJPY.
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