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
Bearish
Oil - US Crude
Bullish
Wall Street
Bullish
Gold
Bullish
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
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • 🇪🇸 Markit Services PMI (JUL) Actual: 51.9 Expected: 52 Previous: 50.2 https://www.dailyfx.com/economic-calendar#2020-08-05
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.35% 🇳🇿NZD: 0.31% 🇨🇦CAD: 0.29% 🇬🇧GBP: 0.16% 🇪🇺EUR: 0.12% 🇯🇵JPY: -0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/AGG47TzN0K
  • Heads Up:🇸🇪 GDP Growth Rate QoQ Flash (Q2) due at 07:30 GMT (15min) Previous: 0.1% https://www.dailyfx.com/economic-calendar#2020-08-05
  • Heads Up:🇸🇪 GDP Growth Rate YoY Flash (Q2) due at 07:30 GMT (15min) Previous: 0.4% https://www.dailyfx.com/economic-calendar#2020-08-05
  • New Zealand Dollar may fall as the NZD/JPY and NZD/CAD exchange rates struggle to breach pivotal resistance. Get your $NZD market update from @DanielGMoss here:https://t.co/9QophdOC6X https://t.co/4B5vLUXRVM
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.71% FTSE 100: 0.71% France 40: 0.53% Wall Street: 0.42% US 500: 0.36% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/yWqhynDBOs
  • Heads Up:🇪🇸 Markit Services PMI (JUL) due at 07:15 GMT (15min) Expected: 52 Previous: 50.2 https://www.dailyfx.com/economic-calendar#2020-08-05
  • Heads Up:🇹🇭 Interest Rate Decision due at 07:05 GMT (15min) Expected: 0.5% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2020-08-05
  • Have you been catching on your @DailyFX podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/gO56OlhHIP
  • #Gold and silver prices may turn lower based on bearish signals from IG Client Sentiment. Technical signals also warn the XAG/USD may fall, will XAU/USD meet the same fate? Find out from @ddubrovskyFX here:https://t.co/zzO5TdogF4 https://t.co/Ga5XScyMGH
USDJPY: Price Trend May Soon Reverse

USDJPY: Price Trend May Soon Reverse

2019-03-28 20:30:00
Nancy Pakbaz, CFA, Markets Writer
Share:
usdjpy

50.5% OF TRADERS ARE NET-LONG

USDJPY: Retail trader data shows 50.5% of traders are net-long with the ratio of traders long to short at 1.02 to 1. The number of traders net-long is 6.3% lower than yesterday and 5.0% lower from last week, while the number of traders net-short is 4.8% higher than yesterday and 9.7% higher from last week.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to “Identify Trends with Sentiment”:

Friday 16:00 GMT

Tuesday 20:00 GMT

Wednesday 00:00 GMT

Wednesday 12:30 GMT

Thursday 18:00 GMT

(click on one of the above times to enroll)

USDJPY: SENTIMENT SUGGESTS A MIXED TRADING BIAS

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.

--- Written by Nancy Pakbaz, CFA, DailyFX Research

Follow Nancy on Twitter @NancyPakbazFX

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

DISCLOSURES

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.