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
EUR/USD
Bullish
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:https://t.co/1oygcFMFNs https://t.co/K081dvpFZM
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.00% 🇯🇵JPY: -0.00% 🇦🇺AUD: -0.13% 🇬🇧GBP: -0.20% 🇨🇭CHF: -0.31% 🇪🇺EUR: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/AHoBwsZKtF
  • BFM TV reports blast heard in Paris was a plane breaking sound barrier
  • Reports of a Major Blast Heard in Paris
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: FTSE 100: -0.23% France 40: -0.48% Germany 30: -0.49% US 500: -0.51% Wall Street: -0.55% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/zOxD5N3PjC
  • Don't fight the SNB https://t.co/30oYur67XN
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:https://t.co/eILWbFgHRE https://t.co/Ahj7m9Q9lH
  • 🇮🇹 Inflation Rate YoY Prel (SEP) Actual: -0.5% Expected: -0.4% Previous: -0.5% https://www.dailyfx.com/economic-calendar#2020-09-30
  • 🇮🇳 Current Account (Q2) Actual: $19.8B Previous: $0.6B https://www.dailyfx.com/economic-calendar#2020-09-30
  • Heads Up:🇮🇳 Current Account (Q2) due at 09:00 GMT (15min) Actual: $19.8B Previous: $0.6B https://www.dailyfx.com/economic-calendar#2020-09-30
US Dollar Set for Reversal Despite Bullish Sentiment

US Dollar Set for Reversal Despite Bullish Sentiment

2017-04-25 17:30:00
DailyFX Research,
Share:
US Dollar Set for Reversal Despite Bullish Sentiment

Why and how do we use IG Client Sentiment in trading? See our guide.

USDJPY: Retail trader data shows 60.2% of traders are net-long with the ratio of traders long to short at 1.51 to 1. In fact, traders have remained net-long since Jan 09 when USDJPY traded near 117.616; price has moved 5.0% lower since then. The percentage of traders net-long is now its lowest since Mar 03 when USDJPY traded near 113.995. The number of traders net-long is 16.5% lower than yesterday and 36.0% lower from last week, while the number of traders net-short is 10.2% higher than yesterday and 20.4% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USDJPY prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current USDJPY price trend may soon reverse higher despite the fact traders remain net-long.

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

DISCLOSURES