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
    1.3806+0.0007+0.05%
    USDSGD=X
    1.5347+0.0009+0.06%
    EURSGD=X
    2.0174-0.0003-0.01%
    GBPSGD=X
    79.9906+0.108+0.14%
    SGDJPY=X
    5.6256-0.003-0.05%
    SGDHKD=X
    2.9636-0.0015-0.05%
    SGDMYR=X
    9,836.6680-4.9893-0.05%
    SGDIDR=X
    4.7558-0.0024-0.05%
    SGDCNY=X
    0.9918+0.0004+0.04%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,215.30-7.40-0.61%
    GCQ16.CMX
    16.25-0.09-0.57%
    SIN16.CMX
    79.41-2.71-3.31%
    ^XAU
    2.11+0.01+0.40%
    HGN16.CMX
    49.56+0.08+0.16%
    CLN16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.39+0.04
    ^FVX
    1.85+0.03
    ^TNX
    2.65+0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.305-0.005-1.61%
    N21.SI
    0.895+0.010+1.13%
    Y92.SI
    0.735+0.025+3.52%
    G13.SI
    3.93+0.07+1.81%
    Z74.SI
    1.0050.0000.00%
    C22.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.245+0.030+13.95%
    F86.SI
    0.255+0.025+10.87%
    PA3.SI
    0.275+0.025+10.00%
    K29.SI
    0.335+0.030+9.84%
    F03.SI
    0.62+0.05+7.83%
    BMA.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.405-0.120-22.86%
    AWE.SI
    0.22-0.04-15.38%
    BKZ.SI
    0.55-0.10-15.38%
    N0Z.SI
    0.455-0.075-14.15%
    BJE.SI
    0.145-0.019-11.59%
    5G1.SI