News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
FOREX ANALYSIS: Japanese Yen Declines in Store

FOREX ANALYSIS: Japanese Yen Declines in Store

David Rodriguez, Head of Product
ssi_usd-jpy_body_Picture_10.png, FOREX ANALYSIS: Japanese Yen Declines in Store

USDJPY – Retail forex trading crowds remain long the US Dollar (ticker: USDOLLAR) versus the Japanese Yen, but a significant shift in positioning suggests that the USDJPY set a significant bottom through September.

Overall retail short interest in the USDJPY has surged a further 50 percent since last week, while long interest has fallen 17 percent through the same stretch.

Our proprietary Speculative Sentiment Index shows that there remain 2.9 retail traders short for every one long—normally giving us a contrarian bearish trading bias. Yet the substantive shift in trader positioning is enough to call for further USDJPY strength.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

New to FX markets? Learn more in our video trading guide.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

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.

DISCLOSURES