Advertisement
Australia markets closed
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • AUD/USD

    0.6516
    -0.0003 (-0.04%)
     
  • OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD

    2,254.80
    +16.40 (+0.73%)
     
  • Bitcoin AUD

    107,388.93
    -1,068.55 (-0.99%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • AUD/EUR

    0.6045
    +0.0011 (+0.18%)
     
  • AUD/NZD

    1.0909
    +0.0007 (+0.06%)
     
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NASDAQ

    18,254.69
    -26.15 (-0.14%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • Dow Jones

    39,807.37
    +47.29 (+0.12%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     

Japanese Yen Sentiment Weakens Further

ssi_usd-jpy_body_ScreenShot036.png, 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

ADVERTISEMENT

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 http://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.