Skip to Content
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.

Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
Japanese Yen Downtrend Intact, but Watch Next Moves

Japanese Yen Downtrend Intact, but Watch Next Moves

David Rodriguez, Head of Product


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

USDJPYWe remain overall bullish the dollar but would ideally see a build in crowd selling before buying into USDJPY.

Trade Implications – JPY Pairs:Our retail positioning data shows that 55 percent of open positions are currently long the USDJPY, and our typically contrarian view of crowd sentiment would normally point to short-term weakness. Yet it’s worth noting that total long positions have fallen 20 percent since last week as short positions are unchanged. The recent shift leaves us somewhat bullish—particularly as overall trends remain supportive of US Dollar strength.

See next currency section: AUDUSD - Australian Dollar at Clear Risk of Continued Breakdown

Written by David Rodriguez, Quantitative Strategist for

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.