Japanese Yen Outlook Positive Amidst Sentiment Shift
USDJPY – The ratio of long to short positions in the USDJPY stands at 4.98 as nearly 83% of traders are long. Yesterday, the ratio was at 3.40 as 77% of open positions were long. In detail, long positions are 14.5% higher than yesterday and 11.6% stronger since last week. Short positions are 21.9% lower than yesterday and 28.9% weaker since last week. Open interest is 6.2% stronger than yesterday and 2.8% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.
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