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.

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Contact David via

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2517-0.0014-0.11%
    USDSGD=X
    1.7297-0.0014-0.08%
    EURSGD=X
    2.0934-0.0026-0.12%
    GBPSGD=X
    81.6401+0.3438+0.42%
    SGDJPY=X
    6.1950+0.0077+0.12%
    SGDHKD=X
    2.5916+0.0029+0.11%
    SGDMYR=X
    9,136.0098+11.00+0.12%
    SGDIDR=X
    4.9711+0.0064+0.13%
    SGDCNY=X
    1.1724-0.0007-0.06%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,299.90-0.40-0.03%
    GCM14.CMX
    19.57+0.05+0.26%
    SIN14.CMX
    91.87-1.95-2.08%
    ^XAU
    2.99+0.01+0.18%
    HGK14.CMX
    103.82+0.07+0.07%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.62+0.02
    ^FVX
    2.63-0.01
    ^TNX
    3.46-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    1.28+0.025+1.99%
    N21.SI
    0.122-0.001-0.81%
    B22.SI
    0.60+0.010+1.69%
    E5H.SI
    2.190.0000.00%
    JS8.SI
    0.98+0.070+7.69%
    B20.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.675+0.055+8.87%
    5VT.SI
    0.189+0.012+6.78%
    5H0.SI
    0.98+0.070+7.69%
    B20.SI
    0.96+0.055+6.08%
    U2T.SI
    0.113+0.008+7.62%
    5MM.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.096-0.011-10.28%
    S13.SI
    0.132-0.008-5.71%
    5BM.SI
    0.17-0.010-5.56%
    5WG.SI
    0.55-0.030-5.17%
    A05.SI
    0.215-0.005-2.27%
    D6U.SI