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
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Dollar Remains at Clear Risk versus the Japanese Yen

Dollar Remains at Clear Risk versus the Japanese Yen

David Rodriguez, Head of Product
Dollar Remains at Clear Risk versus the Japanese Yen

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

USDJPYForex trading crowds recently hit their most long the Dollar versus the Japanese Yen since it bottomed in October. A contrarian view of retail sentiment keeps our short-term focus lower.

Trade Implications – JPY Pairs: Trader sentiment is often at its most extreme at major tops and bottoms, and the fact that the crowd is so heavily long warns that we may be near an important turning point in the USDJPY. Yet there are only so many times the pair can continue to hold key 200-day SMA and price congestion support.

Our Senior Strategist sees evidence that a daily USDJPY close below ¥101.35 could spark a more meaningful breakdown.

See next currency section:AUDUSD - Australian Dollar Forecast Favors Continued Weakness

Written by David Rodriguez, Quantitative Strategist for

Dollar Remains at Clear Risk versus the Japanese Yen

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.