Sentiment Warns that Japanese Yen and Euro May Have Turned

Forex trading crowds have bought recent Euro weakness and sold Japanese Yen strength. Our sentiment-based strategies have sold EURJPY and USDJPY as a turn seems imminent.

View individual currency sections:

EURUSD - Euro Correction May Offer Buying Opportunity

GBPUSD - British Pound Forecast to Fall Further

USDJPY - Japanese Yen Sentiment Warns of Turning Point

XAUUSD - Gold Prices Forecast to Fall Further on Sentiment

USDCHF - USDCHF Nears Critical Resistance as Sentiment Favors Losses

AUDUSD - Australian Dollar Forecast to Fall Further

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

ssi_table_story_body_Picture_6.png, Sentiment Warns that Japanese Yen and Euro May Have Turned

Our proprietary sentiment-based trading strategies have recently begun selling the Euro and Australian Dollar against the US Dollar and the Japanese Yen as forex positioning turns.

These trades represent a significant break from recent activity, but high FX volatility suggests that such trend and breakout-based strategies may do well through short-term trading.

Download eight years’ worth of SSI data via this link.

ssi_table_story_body_Picture_5.png, Sentiment Warns that Japanese Yen and Euro May Have Turned

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

New to FX markets? Learn more in our video trading guide.

Contact David via

Twitter at https://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

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MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.145+0.002+1.40%
    5DM.SI
    0.365+0.005+1.39%
    E5H.SI
    0.1360.0000.00%
    N21.SI
    3.980.000.00%
    Z74.SI
    0.265-0.005-1.85%
    5ME.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.60+0.04+7.14%
    BDR.SI
    0.56+0.04+6.67%
    BJE.SI
    0.145+0.009+6.62%
    5NF.SI
    0.245+0.015+6.52%
    5RE.SI
    0.44+0.02+4.76%
    5SO.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.15-0.02-10.71%
    A04.SI
    0.58-0.04-5.69%
    BMH.SI
    0.28-0.02-6.67%
    S71.SI
    0.305-0.015-4.69%
    U6C.SI
    0.48-0.02-3.03%
    T03.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3604+0.0023+0.17%
    USDSGD=X
    1.5280+0.0044+0.29%
    EURSGD=X
    1.7658+0.0086+0.49%
    GBPSGD=X
    74.0870-0.035-0.05%
    SGDJPY=X
    5.6994-0.0061-0.11%
    SGDHKD=X
    3.0375+0.0107+0.35%
    SGDMYR=X
    9,618.2246-37.3086-0.39%
    SGDIDR=X
    4.9024-0.0042-0.09%
    SGDCNY=X
    1.0353+0.0003+0.03%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,340.60-4.10-0.30%
    GCZ16.CMX
    19.75-0.35-1.76%
    SIZ16.CMX
    95.76-3.02-3.05%
    ^XAU
    2.200.00+0.09%
    HGZ16.CMX
    43.85+0.41+0.94%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.15-0.02
    ^FVX
    1.62-0.02
    ^TNX
    2.34-0.01
    ^TYX