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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Bearish
Wall Street
Mixed
Low
High
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
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • AUD/USD bounces back from FOMC selloff. Powell returns to bearish rhetoric after markets react to hawkish FOMC. Get your $AUDUSD market update from @HathornSabin here:https://t.co/hYD0jSbkNx https://t.co/9FUCS7HjbN
  • $GBPUSD back at 1.4000 https://t.co/sLPxGkWs7z
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 1.62% Oil - US Crude: 1.30% Gold: 0.78% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/xs21aRt2wV
  • #Gold Price Outlook: Gold Plunges into Critical Support- $XAUUSD Levels - https://t.co/1j4Xqz2FG8 https://t.co/WZkDyweKeT
  • 🇺🇸 New Home Sales MoM (MAY) Actual: -5.9% Previous: -7.8% https://www.dailyfx.com/economic-calendar#2021-06-23
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.11%, while traders in GBP/JPY are at opposite extremes with 72.98%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/7oa3cr0Yg8
  • Global growth trends through June according to the Markit's PMIs show a widening gap in favor of the West. US and European composite PMIs continue to climb while other regions ease. Wonder what this does to the Fed speculation calculation https://t.co/gBAMf5WClH
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.81% Silver: 1.56% Gold: 0.76% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/PSucSZ0uEL
  • 🇺🇸 Markit Manufacturing PMI Flash (JUN) Actual: 62.6 Expected: 61.5 Previous: 62.1 https://www.dailyfx.com/economic-calendar#2021-06-23
  • Heads Up:🇺🇸 New Home Sales MoM (MAY) due at 14:00 GMT (15min) Previous: -5.9% https://www.dailyfx.com/economic-calendar#2021-06-23
Choppy USDJPY Price Action Makes Next Move Unclear

Choppy USDJPY Price Action Makes Next Move Unclear

David Rodriguez, Head of Product
Choppy USDJPY Price Action Makes Next Move Unclear

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

USDJPY The ratio of long to short positions in the USDJPY stands at 1.75 as 64% of traders are long. Yesterday the ratio was 1.90; 66% of open positions were long. Long positions are 7.5% lower than yesterday and 15.7% below levels seen last week. Short positions are 0.4% higher than yesterday and 16.4% above levels seen last week. Open interest is 4.8% lower than yesterday and 3.2% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the USDJPY may continue lower. 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 Stands to Rally Further

Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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 http://www.twitter.com/DRodriguezFX

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

DISCLOSURES