Japanese Yen Outlook Remains Bullish Against Dollar
USDJPY - The ratio of long to short positions in the USDJPY stands at 3.01 as nearly 75% of traders are long. Yesterday, the ratio was at 2.48 as 71% of open positions were long. In detail, long positions are 6.2% higher than yesterday and 4.9% weaker since last week. Short positions are 12.5% lower than yesterday and 3.8% weaker since last week. Open interest is 0.8% stronger than yesterday and 86.0% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.
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