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
More View more
US Dollar Outlook Positive versus Japanese Yen

US Dollar Outlook Positive versus Japanese Yen

David Rodriguez, Head of Product
US Dollar Outlook Positive versus Japanese Yen

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

USDJPY Retail FX traders remain long the US Dollar versus the Japanese Yen. We would normally treat this as contrarian signal that the USD/JPY could continue lower, but overall positioning has moderated from recent extremes. And indeed crowds have most recently sold into USD/JPY rallies.

Until we see a more substantive shift in sentiment we will watch for USD/JPY gains.

See next currency section:AUDUSD - Australian Dollar at Risk of Further Declines

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