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
Mixed
Wall Street
Bullish
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • $USD has been pretty strong over the past couple of weeks and to a lesser degree, so far in 2021 but we've only retraced about 23.6% of that massive sell-off that started last March $DXY https://t.co/t5KRSYu0TP
  • EUR/USD trades to a fresh yearly low (1.1857) as longer-dated US Treasury yields continue to push above pre-pandemic levels. Get your $EURUSD market update from @DavidJSong here:https://t.co/XWIah8irtj https://t.co/GIXPFZz2qQ
  • USD/MXN has continued to rip in 2021, flying in the face of the bearish trend from 2020. Get your $USDMXN market update from @JStanleyFX here:https://t.co/uePriXERH8 https://t.co/qRjLbgglov
  • $USDMXN strong breakout from the falling wedges that had built coming into this year. Prices now finding resistance at 50% marker of the 2017-2020 major move whether looking for usd strength or weakness, there's attractive items on $USDMXN for either https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/03/08/Mexican-Peso-Price-Forecast-MXN-USDMXN-USD-MXN-Breakout-to-Fibonacci-Resistance.html https://t.co/7TwqgZDXfH https://t.co/ocsiEw3IwC
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.37%, while traders in Germany 30 are at opposite extremes with 81.20%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/2V8w40M0zN
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Silver: -0.10% Gold: -1.18% Oil - US Crude: -1.45% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/710wPcmn9S
  • Lord Frost accuses the EU of ‘ill will’ as Brexit row rumbles on. @bankofengland governor Andrew Bailey gives his latest thoughts on the economy. Get your market update from @nickcawley1 here:https://t.co/Z4gAzLjtjx https://t.co/MyIHkCORSH
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: -0.09% 🇬🇧GBP: -0.14% 🇦🇺AUD: -0.30% 🇨🇭CHF: -0.51% 🇳🇿NZD: -0.51% 🇪🇺EUR: -0.52% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/djHLmI2sna
  • $WTI Crude Oil opened strongly today, rising to test the 68.00 level, its highest point since October of 2018. WTI then bounced off resistance at this level and is now trading lower, back near the 65.00 level. $OIL $USO https://t.co/ZycSRqlIHL
  • Equities continue to struggle as bond yields focus on Central Bank policy actions. DAX 30 finds support in the long-term ascending trendline. Get your #DAX market update from @HathornSabin here:https://t.co/ydhxFrQ60j https://t.co/MFvOGWkLi9
USD/JPY Price Might Reverse Lower Based on Sentiment

USD/JPY Price Might Reverse Lower Based on Sentiment

Abdullah AlAmoudi,
USD/JPY

Trader Sentiment is Balanced For USDJPY

USDJPY: Retail trader data shows 50.0% of traders are net-long with the ratio of traders short to long at 1.0 to 1. The number of traders net-long is 0.5% lower than yesterday and 5.6% higher from last week, while the number of traders net-short is 5.6% lower than yesterday and 6.8% lower from last week.

USDJPY Shifts to Bearish Signal

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

--- Written by Abdullah AlAmoudi, DailyFX Research

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

DISCLOSURES