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.

Free Trading Guides
EUR/USD
Bearish
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
GBP/USD
Bearish
USD/JPY
Bearish
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
Mixed
Oil - US Crude
Bearish
Bitcoin
Bearish
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
More View more
Real Time News
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Gold: 0.18% Oil - US Crude: -0.11% Silver: -0.36% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/hxjCAgFH1h
  • RT @HuXijin_GT: Quite a lot of criticisms and complaints about China from President Trump in his latest speech, but hardly anything new. Si…
  • RT @chigrl: TRUMP SAYS IF WE DON'T MAKE A DEAL WITH CHINA WE WILL SUBSTANTIALLY RAISE TARIFFS ON CHINESE IMPORTS
  • $SPX is back down near the daily open following the fresh all time high set earlier this morning https://t.co/kjNCNu9cak
  • RT @C_Barraud: 🇺🇸 U.S. Is Said to Raise Prospect of Blocking Passage of #WTO Budget - Bloomberg https://t.co/spsoCNwpcY
  • Update on #Cryptocurrencies (24H Change) #BITCOIN +1.31% #BITCOINCASH +0.45% #ETHEREUM +0.69% #RIPPLE -0.15% #LITECOIN -0.47%
  • "The price of #gold has been on an absolute tear this year seeing that spot prices have climbed over 15% through October.Get your insights from Sprott US Holdings CEO, Rick Rule and @RichDvorakFX on $gld: https://t.co/aqrIM5lIJK $XAUUSD https://t.co/miqq3MhOLX
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.57%, while traders in France 40 are at opposite extremes with 86.25%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/pHazfq5yrZ
  • What is the likelihood that Fed Chairman Powell's testimony before Congress tomorrow and Thursday will provide something more tangible to risk/growth than the President's policy speech?
  • $EURUSD trading lower after Trump comments that EU trade barriers may be even worse than China https://t.co/Yiya5wY6Fa
Japanese Yen Rally May be Overdone, but Trend Remains Clear

Japanese Yen Rally May be Overdone, but Trend Remains Clear

2017-06-12 16:05:00
David Rodriguez, Head of Business Development
Share:
Japanese Yen Rally May be Overdone, but Trend Remains Clear

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

USDJPY: Retail trader data shows 63.9% of traders are net-long with the ratio of traders long to short at 1.77 to 1. In fact, traders have remained net-long since May 17 when USDJPY traded near 113.298; price has moved 3.1% lower since then. The number of traders net-long is 13.4% higher than yesterday and 1.0% higher from last week, while the number of traders net-short is 9.1% higher than yesterday and 6.2% 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. Positioning is more net-long than yesterday but less net-long from last week. The combination of current sentiment and recent changes gives us a further mixed USDJPY trading bias.

See next article in this week’s report: Spot Gold - Gold Price Outlook Unclear until this Changes

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

DISCLOSURES

News & Analysis at your fingertips.