Japanese Yen Outlook Positive Amidst Sentiment Shift
USDJPY – The ratio of long to short positions in the USDJPY stands at 4.85 as nearly 83% of traders are long. Yesterday, the ratio was at 5.02 as 83% of open positions were long. In detail, long positions are 1.1% higher than yesterday and 7.8% stronger since last week. Short positions are 4.7% higher than yesterday and 10.6% stronger since last week. Open interest is 1.7% stronger than yesterday and 9.3% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.
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