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

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

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3748-0.0016-0.11%
    USDSGD=X
    1.4743-0.0156-1.05%
    EURSGD=X
    2.0305-0.0071-0.35%
    GBPSGD=X
    87.3351+0.0458+0.05%
    SGDJPY=X
    5.6406+0.0063+0.11%
    SGDHKD=X
    2.6921-0.0058-0.22%
    SGDMYR=X
    9,506.7002-9.7969-0.10%
    SGDIDR=X
    4.5100-0.0013-0.03%
    SGDCNY=X
    1.0453-0.0078-0.74%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,179.00-5.80-0.49%
    GCJ15.CMX
    16.50-0.17-1.01%
    SIK15.CMX
    66.52-1.21-1.78%
    ^XAU
    2.75-0.04-1.29%
    HGK15.CMX
    47.59-1.09-2.24%
    CLK15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.420.00
    ^FVX
    1.96+0.01
    ^TNX
    2.56+0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.2850.0000.00%
    5WA.SI
    0.172+0.002+1.18%
    5GB.SI
    0.131-0.003-2.24%
    E13.SI
    0.183+0.016+9.58%
    A50.SI
    0.425-0.010-2.30%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.15+0.04+36.36%
    5IF.SI
    0.148+0.018+13.85%
    L10.SI
    0.155+0.018+13.14%
    K14.SI
    0.139+0.016+13.01%
    P36.SI
    0.169+0.019+12.67%
    5PI.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.11-0.03-23.61%
    5GF.SI
    0.22-0.03-12.00%
    O08.SI
    0.22-0.03-10.20%
    5WJ.SI
    0.116-0.013-10.08%
    V69.SI
    0.29-0.03-9.38%
    40U.SI