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
    1.3499-0.0003-0.02%
    USDSGD=X
    1.4698+0.0014+0.10%
    EURSGD=X
    2.0782+0.0011+0.05%
    GBPSGD=X
    91.1550+0.00180.00%
    SGDJPY=X
    5.7430+0.0017+0.03%
    SGDHKD=X
    2.6956+0.0003+0.01%
    SGDMYR=X
    9,791.8320-8.2061-0.08%
    SGDIDR=X
    4.5973+0.0027+0.06%
    SGDCNY=X
    1.0465+0.002+0.19%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,188.50+1.60+0.13%
    GCM15.CMX
    16.78+0.04+0.23%
    SIN15.CMX
    68.69-2.56-3.59%
    ^XAU
    2.79+0.01+0.29%
    HGN15.CMX
    58.35+0.32+0.55%
    CLN15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.52-0.04
    ^FVX
    2.14-0.08
    ^TNX
    2.89-0.09
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.700.000.00%
    Q1P.SI
    0.805-0.020-2.42%
    N21.SI
    0.295+0.005+1.72%
    5WA.SI
    0.915-0.005-0.54%
    G13.SI
    0.270.000.00%
    B0Z.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.183+0.025+15.82%
    GJ8.SI
    0.149+0.014+10.37%
    L10.SI
    1.12+0.09+8.21%
    S85.SI
    0.15+0.01+7.14%
    5MD.SI
    0.68+0.05+7.09%
    L5I.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.19-0.06-24.00%
    41H.SI
    0.141-0.039-21.67%
    PH0.SI
    0.305-0.075-19.74%
    5NF.SI
    1.50-0.28-15.73%
    AYB.SI
    0.136-0.014-9.33%
    5TJ.SI