Japanese Yen Expected to Rally Against USD
USDJPY – The ratio of long to short positions in the USDJPY stands at 5.99 as nearly 86% of traders are long. Yesterday, the ratio was at 4.15 as 81% of open positions were long. In detail, long positions are 11.6% higher than yesterday and 18.3% stronger since last week. Short positions are 22.6% lower than yesterday and 16.9% weaker since last week. Open interest is 5.0% stronger than yesterday and 17.7% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.
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