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.

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
Mixed
Oil - US Crude
Bullish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Want to make trading decisions with confidence? Download you free guide to avoid hesitations in your trading decisions.https://t.co/00I3lH90OD #DailyFXGuides https://t.co/PzNI79hehK
  • Crude oil prices pulled back slightly after API reported an unexpected 2.56 million-barrel build in US crude inventories for the week ending Jan 15th. Markets anticipated a 1.17-million-barrel drop initially. https://t.co/BKw1hyewt9
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge: https://t.co/Qgz89PTxnu https://t.co/RMHzAmEuq2
  • Noguchi nominated for BOJ board by Japan's government - BBG
  • $GBPNZD could extend recent losses after surging away from the 100-MA and failing to breach range resistance at 1.9120 - 1.9150 A retest of the monthly low looks on the cards if sellers can drive the exchange rate back below the 21-EMA (1.8956) $GBP $NZD #technicalanalysis https://t.co/uAb9NLF0Bd
  • The British Pound may continue gaining ground against its haven-associated counterparts in the near term. However, the currency may give up gained ground against the New Zealand Dollar.Get your $GBP market update from @DanielGMoss here:https://t.co/cIp4BfbsXT https://t.co/ycIRaUsjUI
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Silver: 0.44% Gold: -0.05% Oil - US Crude: -0.49% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/B0yuFtrUmB
  • Precious Metals Analysis: Gold and Silver Buoyant as Real Yields Fall - https://www.dailyfx.com/forex/market_alert/2021/01/21/Precious-Metals-Analysis-Gold-and-Silver-Buoyant-as-Real-Yields-Fall.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr #Gold #Silver #XAUUSD #XAGUSD https://t.co/3rrgV0Rl67
  • ECB is rumored to be pursuing yield spread control strategy - BBG
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.47% 🇦🇺AUD: 0.32% 🇬🇧GBP: 0.17% 🇨🇦CAD: 0.13% 🇨🇭CHF: 0.10% 🇯🇵JPY: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/nhcRxr7b1C
Traders Remain Short the US Dollar versus the Yen – What’s Next?

Traders Remain Short the US Dollar versus the Yen – What’s Next?

David Rodriguez, Head of Product
Traders Remain Short the US Dollar versus the Yen – What’s Next?

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

USDJPY - The ratio of long to short positions in the USDJPY stands at -1.57 as 39% of traders are long. Yesterday the ratio was -1.52; 40% of open positions were long. Long positions are 0.7% higher than yesterday and 2.2% below levels seen last week. Short positions are 4.2% higher than yesterday and 22.3% above levels seen last week. Open interest is 2.8% higher than yesterday and 13.8% above its monthly average.

We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the USDJPY may continue higher. The trading crowd has grown further net-short from yesterday and last week. The combination of current sentiment and recent changes gives a further bullish trading bias.

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

DISCLOSURES