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
    0.172+0.001+0.58%
    N21.SI
    0.925+0.005+0.54%
    G13.SI
    0.169+0.005+3.05%
    5DM.SI
    0.184-0.001-0.54%
    40E.SI
    0.420.00+1.20%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.225+0.035+18.42%
    BTJ.SI
    0.255+0.035+15.91%
    AWI.SI
    0.40+0.05+14.29%
    L5I.SI
    0.58+0.05+9.43%
    BHU.SI
    0.169+0.014+9.03%
    AWS.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.33-0.23-41.07%
    MR8.SI
    0.15-0.03-18.48%
    5MQ.SI
    0.205-0.015-6.82%
    AXH.SI
    0.225-0.015-6.25%
    1C3.SI
    0.26-0.02-5.45%
    S29.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4282+0.0123+0.87%
    USDSGD=X
    1.5202+0.0039+0.26%
    EURSGD=X
    1.7521-0.0035-0.20%
    GBPSGD=X
    79.8680+0.29+0.36%
    SGDJPY=X
    5.4290-0.047-0.86%
    SGDHKD=X
    3.1352-0.0163-0.52%
    SGDMYR=X
    9,390.7871-71.2607-0.75%
    SGDIDR=X
    4.7948-0.0441-0.91%
    SGDCNY=X
    1.0739+0.0037+0.35%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,208.70-4.20-0.35%
    GCG17.CMX
    17.18+0.03+0.19%
    SIH17.CMX
    87.59-1.50-1.69%
    ^XAU
    2.61-0.01-0.40%
    HGH17.CMX
    51.20-1.28-2.44%
    CLG17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.89+0.06
    ^FVX
    2.39+0.07
    ^TNX
    2.99+0.06
    ^TYX