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