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Japanese Yen Outlook Uncertain as Traders Sell

Japanese Yen Outlook Uncertain as Traders Sell

David Rodriguez, Head of Product
ssi_usd-jpy_body_Picture_16.png, Japanese Yen Outlook Uncertain as Traders Sell

USDJPY – Retail forex traders have bought into US Dollar weakness against the Japanese Yen, but near-neutral positioning gives us an admittedly mixed view on the range-bound USDJPY.

Trade Implications – USDJPY: Retail crowds have proven remarkably indifferent to recent moves in the USDJPY, and the fact that most are currently long is admittedly confusing. Our trader sample has historically shown most buy into strength and sell into weakness. The disconnect between price action and our Speculative Sentiment Index has made for mediocre SSI-based USDJPY trades, and that makes our short-term trading bias unclear.

Written by David Rodriguez, Quantitative Strategist for

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

ssi_usd-jpy_body_1a_2.png, Japanese Yen Outlook Uncertain as Traders Sell

View how to automate the high-volatility Breakout2 Trading System via our previous article and webinar recording.

Auto trade the trend reversal-trading Momentum2system via our previous article and webinar recording.

Trade with strong trends via our Momentum1 Trading System and view an archived webinar

Use our counter-trend Range2 Trading system and view an archived webinar guide on automation

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

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