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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
US Dollar Shows Signs of Life versus Yen

US Dollar Shows Signs of Life versus Yen

David Rodriguez, Head of Product

Why and how do we use the SSI in trading? View our video and download the free indicator here

USDJPY– Retail FX traders have recently sold aggressively into US Dollar strength versus the Japanese Yen, and yet the same positioning data shows traders remain net-long the USD/JPY. The mixed signals give us a similarly unclear view on the future of Yen price action; it is difficult to advocate for buying into USD/JPY strength when most traders are long.

The “smart money” in large speculators remained heavily net-short USD/JPY into last week, and our longer-term bearish bias remains mostly intact. Of course, if the facts change we must change: a more sustained shift towards retail FX USD/JPY selling would quite likely lead us to call for a larger trend turnaround.

See next currency section: XAUUSD - Gold Prices Suddenly Suggest it’s Time to Sell

Written by David Rodriguez, Senior Strategist for

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.