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
    0.225-0.015-6.25%
    N21.SI
    0.177+0.004+2.31%
    40F.SI
    0.170.00+1.80%
    5DM.SI
    0.945-0.015-1.56%
    Y92.SI
    0.188+0.003+1.62%
    595.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.127+0.024+23.30%
    A7S.SI
    1.16+0.21+22.11%
    C76.SI
    0.125+0.018+16.82%
    L02.SI
    0.63+0.06+10.53%
    AWG.SI
    0.285+0.020+7.55%
    T4B.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    1.10-0.12-9.84%
    ATL.SI
    0.24-0.02-7.69%
    I06.SI
    0.225-0.015-6.25%
    N21.SI
    0.355-0.020-5.33%
    BLL.SI
    0.30-0.01-4.76%
    BTX.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4176+0.0014+0.10%
    USDSGD=X
    1.5030-0.0082-0.54%
    EURSGD=X
    1.7564-0.012-0.68%
    GBPSGD=X
    79.4140-0.517-0.65%
    SGDJPY=X
    5.4663-0.0098-0.18%
    SGDHKD=X
    3.1400-0.0032-0.10%
    SGDMYR=X
    9,433.8662+1.0723+0.01%
    SGDIDR=X
    4.8401+0.0023+0.05%
    SGDCNY=X
    1.0870-0.0027-0.25%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,236.00-5.60-0.45%
    GCJ17.CMX
    17.98-0.10-0.55%
    SIH17.CMX
    92.56-1.90-2.01%
    ^XAU
    2.71-0.01-0.44%
    HGH17.CMX
    53.73-0.02-0.04%
    CLJ17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.91-0.03
    ^FVX
    2.42-0.03
    ^TNX
    3.03-0.02
    ^TYX