Japanese Yen Sentiment Weakens Further

ssi_usd-jpy_body_ScreenShot036.png, Japanese Yen Sentiment Weakens Further

The ratio of long to short positions in the USDJPY stands at 12.75 as nearly 93% of traders are long. Yesterday, the ratio was at 10.90 as 92% of open positions were long. In detail, long positions are 2.6% higher than yesterday and 2.0% weaker since last week. Short positions are 12.3% lower than yesterday and 12.3% weaker since last week. Open interest is 1.3% stronger than yesterday and 9.1% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

How do we interpret and trade with the SSI? Watch an FXCM Expo Presentation that explains the SSI.

--- Written by Christopher Vecchio, Currency Analyst for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, send a message with subject line “Distribution List” to cvecchio@dailyfx.com; Contact Chris via Twitter at https://www.twitter.com/CVecchioFX

Meet the DailyFX team in Las Vegas at the annual FXCM Traders Expo, November 2-4, 2012 at the Rio All Suite Hotel & Casino. For additional information regarding the schedule, workshops and accommodations, visit the FXCM Trading Expo website.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.9269-0.0018-0.19%
    AUDUSD=X
    0.5520-0.0015-0.27%
    AUDGBP=X
    0.6706-0.0015-0.22%
    AUDEUR=X
  • Commodities
    Commodities
    NamePriceChange% Chg