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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Japanese Yen Likely to Fall to Fresh Lows

Japanese Yen Likely to Fall to Fresh Lows

David Rodriguez, Head of Product
ssi_usd-jpy_body_Picture_17.png, Japanese Yen Likely to Fall to Fresh Lows

Japanese Yen – Forex trading crowds remain long USDJPY, but positioning has grown far less one-sided since last week. The shift in sentiment actually leaves us bullish USDJPY and broadly bearish the Yen itself.

Trade Implications – USDJPY: Our proprietary SSI data leaves us in favor of Japanese Yen weakness, but our calls for Dollar depreciation make us less bullish USDJPY and more in favor of going short JPY against other currencies (e.g. long AUDJPY, long EURJPY). Indeed, our Momentum2 system is in a good position as it’s currently long a number of JPY crosses—we like those positions.

Written by David Rodriguez, Quantitative Strategist for

ssi_usd-jpy_body_Picture_18.png, Japanese Yen Likely to Fall to Fresh Lows

Automate our SSI-based trading strategies via Mirror Trader free of charge

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

Contact David via

Twitter at

Facebook at

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