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 Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3599+0.0011+0.08%
    USDSGD=X
    1.5505+0.001+0.07%
    EURSGD=X
    1.9688+0.0009+0.05%
    GBPSGD=X
    78.8139-0.1382-0.18%
    SGDJPY=X
    5.7074-0.0047-0.08%
    SGDHKD=X
    2.9469-0.0068-0.23%
    SGDMYR=X
    9,809.5459-17.1465-0.17%
    SGDIDR=X
    4.7831-0.0044-0.09%
    SGDCNY=X
    1.0057-0.0087-0.86%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,280.00+7.70+0.61%
    GCM16.CMX
    17.38+0.05+0.28%
    SIN16.CMX
    85.15+1.88+2.26%
    ^XAU
    2.150.00-0.19%
    HGN16.CMX
    43.83-0.49-1.11%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.21-0.03
    ^FVX
    1.75-0.04
    ^TNX
    2.61-0.04
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.22+0.02+10.00%
    AFC.SI
    0.41-0.02-3.53%
    N21.SI
    3.77-0.01-0.26%
    Z74.SI
    0.380.000.00%
    E5H.SI
    1.178+0.001+0.08%
    A35.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.22+0.02+10.00%
    AFC.SI
    0.49+0.03+7.69%
    BMA.SI
    0.235+0.015+6.82%
    BQM.SI
    0.174+0.009+5.45%
    O08.SI
    0.22+0.01+4.76%
    BFI.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.245-0.035-12.50%
    5CF.SI
    0.185-0.020-9.76%
    F86.SI
    0.50-0.04-7.41%
    M05.SI
    0.28-0.02-6.67%
    I85.SI
    0.21-0.02-6.67%
    5RE.SI