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.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
US Dollar Remains a Sell versus Japanese Yen

US Dollar Remains a Sell versus Japanese Yen

David Rodriguez, Head of Product

Share:

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

USDJPY: Retail trader data shows 61.8% of traders are net-long with the ratio of traders long to short at 1.62 to 1. The number of traders net-long is 4.2% higher than yesterday and 24.7% higher from last week, while the number of traders net-short is 10.0% higher than yesterday and 22.3% lower 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 less net-long than yesterday but more 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: Gold Price - Clear Risk of Sustained Turnaround

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

DISCLOSURES