Japanese Yen Outlook Uncertain as Traders Sell

RELATED QUOTES

SymbolPriceChange
USDJPY=X102.5380+0.118

ssi_usd-jpy_body_Picture_16.png, Japanese Yen Outlook Uncertain as Traders Sell

USDJPY – Retail forex traders have bought into US Dollar weakness against the Japanese Yen, but near-neutral positioning gives us an admittedly mixed view on the range-bound USDJPY.

Trade Implications – USDJPY: Retail crowds have proven remarkably indifferent to recent moves in the USDJPY, and the fact that most are currently long is admittedly confusing. Our trader sample has historically shown most buy into strength and sell into weakness. The disconnect between price action and our Speculative Sentiment Index has made for mediocre SSI-based USDJPY trades, and that makes our short-term trading bias unclear.

Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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ssi_usd-jpy_body_1a_2.png, Japanese Yen Outlook Uncertain as Traders Sell

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2528+0.0005+0.04%
    USDSGD=X
    1.7319+0.0017+0.10%
    EURSGD=X
    2.1054+0.0013+0.06%
    GBPSGD=X
    81.8475+0.0652+0.08%
    SGDJPY=X
    6.1890-0.0031-0.05%
    SGDHKD=X
    2.5946+0.009+0.35%
    SGDMYR=X
    9,136.3350+17.4727+0.19%
    SGDIDR=X
    4.9712+0.0008+0.02%
    SGDCNY=X
    1.1692+0.0004+0.04%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,288.00-5.90-0.46%
    GCM14.CMX
    19.36-0.23-1.18%
    SIK14.CMX
    90.18-0.65-0.72%
    ^XAU
    3.050.00+0.02%
    HGK14.CMX
    103.05-0.32-0.31%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.73+0.08
    ^FVX
    2.72+0.08
    ^TNX
    3.52+0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.113-0.002-1.74%
    B22.SI
    0.135+0.010+8.00%
    545.SI
    2.190.0000.00%
    JS8.SI
    0.605-0.005-0.82%
    E5H.SI
    0.143+0.004+2.88%
    5GB.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.255+0.040+18.60%
    5UE.SI
    0.345+0.045+15.00%
    5DS.SI
    0.18+0.020+12.50%
    T16.SI
    0.19+0.016+9.20%
    540.SI
    0.138+0.011+8.66%
    J74.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.17-0.030-15.00%
    5WD.SI
    0.118-0.014-10.61%
    S71.SI
    0.123-0.013-9.56%
    5FI.SI
    0.20-0.020-9.09%
    D6U.SI
    0.29-0.025-7.94%
    O08.SI