Japanese Yen Sentiment Weakens Further
The ratio of long to short positions in the USDJPY stands at 12.75 as nearly 93% of traders are long. Yesterday, the ratio was at 10.90 as 92% of open positions were long. In detail, long positions are 2.6% higher than yesterday and 2.0% weaker since last week. Short positions are 12.3% lower than yesterday and 12.3% weaker since last week. Open interest is 1.3% stronger than yesterday and 9.1% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.
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--- Written by Christopher Vecchio, Currency Analyst for DailyFX.com
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