US Dollar Might Fall Faster than Japanese Yen
Trade Implications – JPY Pairs: Our sentiment-based trading strategies continue to sell into Yen weakness versus the Euro, British Pound, and Swiss Franc (long EURJPY, GBPJPY, and CHFJPY). The fact that crowds remain heavily long USDJPY suggests that the US Dollar might actually fall faster than the JPY, but both seem poised to fall against broader counterparts. Receive any and all updates on my e-mail distribution list via this link.
Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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 http://www.twitter.com/DRodriguezFX
Facebook at http://www.Facebook.com/DRodriguezFX
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.