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
    1.3802+0.0025+0.18%
    USDSGD=X
    1.5107+0.0016+0.10%
    EURSGD=X
    2.1521+0.0046+0.22%
    GBPSGD=X
    89.9065-0.0986-0.11%
    SGDJPY=X
    5.6181-0.0097-0.17%
    SGDHKD=X
    2.8011+0.0017+0.06%
    SGDMYR=X
    9,778.6416-2.1719-0.02%
    SGDIDR=X
    4.4987-0.0089-0.20%
    SGDCNY=X
    1.0063+0.0037+0.37%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,083.40-6.00-0.55%
    GCQ15.CMX
    14.46-0.10-0.70%
    SIZ15.CMX
    45.54-2.03-4.26%
    ^XAU
    2.34-0.01-0.43%
    HGU15.CMX
    45.87+0.31+0.68%
    CLV15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.51-0.03
    ^FVX
    2.15-0.05
    ^TNX
    2.86-0.07
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.54+0.07+14.89%
    N21.SI
    2.31+0.11+5.00%
    MC0.SI
    0.32+0.01+3.23%
    E5H.SI
    0.125+0.002+1.63%
    5DN.SI
    0.89+0.01+1.71%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.54+0.07+14.89%
    N21.SI
    0.26+0.01+6.12%
    5PL.SI
    0.675+0.035+5.47%
    B20.SI
    0.315+0.010+3.28%
    5EN.SI
    0.25+0.02+6.38%
    5CN.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.23-0.04-14.81%
    5WR.SI
    0.20-0.03-13.04%
    5LY.SI
    0.205-0.015-6.82%
    5CF.SI
    0.101-0.013-11.40%
    B32.SI
    0.50-0.06-10.71%
    EH5.SI