Retail FX Traders Send Mixed Signals on Yen
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USDJPY - The ratio of long to short positions in the USDJPY stands at 1.35 as 57% of traders are long. Yesterday the ratio was 1.84; 65% of open positions were long. Long positions are 20.0% lower than yesterday and 22.3% below levels seen last week. Short positions are 9.5% higher than yesterday and 1.0% above levels seen last week. Open interest is 9.6% lower than yesterday and 8.5% below its monthly average. The trading crowd has grown less net-long from yesterday and last week. The combination of current sentiment and recent changes gives a further mixed trading bias.
See next currency section: AUDUSD - Australian Dollar Looks to Test Lows
Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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