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
Joining the Crowd in Buying USDJPY

Joining the Crowd in Buying USDJPY

David Rodriguez, Head of Product
Joining the Crowd in Buying USDJPY

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

USDJPYForex trading crowds are now their most long the US Dollar versus the Japanese yen since the greenback last set a low near ¥101.35. Extremely low volatility suggests the USDJPY may once again bounce.

Trade Implications – JPY Pairs: We normally go against the crowd—if everyone is long we prefer to be short. Yet with forex volatility near record-lows, we see relatively limited scope for a major USDJPY breakdown. This is a rare instance in which we may actually favor joining the crowd in going long the Dollar versus the Yen. Important technical levels are seen at resistance of ¥102.20 and ¥101.42 support.

See next currency section:GOLD - Gold Prices Remain at Risk of Further Declines

Written by David Rodriguez, Quantitative Strategist for

Joining the Crowd in Buying USDJPY

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

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