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SSI at All-time High, Looking for USDJPY Bottom

SSI at All-time High, Looking for USDJPY Bottom

Christopher Vecchio, CFA, Senior Strategist
ssi_usd-jpy_body_Picture_4.png, SSI at All-time High, Looking for USDJPY Bottom

USDJPY The ratio of long to short positions in the USDJPY stands at 19.09 as nearly 95% of traders are long. Yesterday, the ratio was at 19.89 as 95% of open positions were long. In detail, long positions are 2.9% higher than yesterday and 29.8% stronger since last week. Short positions are 7.2% higher than yesterday and 4.9% weaker since last week. Open interest is 3.1% stronger than yesterday and 26.8% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

How do we interpret and trade with the SSI? Watch an FXCM Expo Presentation that explains the SSI.

--- Written by Christopher Vecchio, Currency Analyst for

To receive the Speculative Sentiment Index and other reports from this author via e-mail, send a message with subject line “Distribution List” to; Contact Chris via Twitter at

Meet the DailyFX team in Las Vegas at the annual FXCM Traders Expo, November 2-4, 2012 at the Rio All Suite Hotel & Casino. For additional information regarding the schedule, workshops and accommodations, visit the FXCM Trading Expo website.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.