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
    1.33300.000.00%
    USDSGD=X
    1.4496+0.0003+0.02%
    EURSGD=X
    2.0244-0.00010.00%
    GBPSGD=X
    89.17480.000.00%
    SGDJPY=X
    5.81400.000.00%
    SGDHKD=X
    2.68120.000.00%
    SGDMYR=X
    9,712.69240.000.00%
    SGDIDR=X
    4.64740.000.00%
    SGDCNY=X
    1.0429+0.0003+0.03%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,179.00-15.00-1.26%
    GCK15.CMX
    15.72-0.11-0.72%
    SIK15.CMX
    69.95-0.68-0.96%
    ^XAU
    2.74+0.04+1.56%
    HGK15.CMX
    57.42-0.32-0.55%
    CLM15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.32-0.03
    ^FVX
    1.92-0.03
    ^TNX
    2.62-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.225-0.005-2.17%
    5GB.SI
    0.84-0.02-2.33%
    N21.SI
    0.2950.0000.00%
    5WA.SI
    0.093-0.014-13.08%
    A6F.SI
    4.37+0.02+0.46%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.245+0.025+11.36%
    MR8.SI
    0.198+0.018+10.00%
    40N.SI
    0.505+0.040+8.60%
    L5I.SI
    0.635+0.050+8.55%
    MS7.SI
    0.285+0.020+7.55%
    5TP.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.093-0.014-13.08%
    A6F.SI
    0.23-0.02-9.80%
    5WR.SI
    0.23-0.02-9.80%
    B1N.SI
    0.117-0.012-9.30%
    V69.SI
    0.235-0.020-7.84%
    41A.SI