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
    1.3500+0.0014+0.10%
    USDSGD=X
    1.4976+0.0028+0.19%
    EURSGD=X
    2.1080+0.003+0.14%
    GBPSGD=X
    91.1911-0.0591-0.06%
    SGDJPY=X
    5.7423-0.0057-0.10%
    SGDHKD=X
    2.8028+0.0134+0.48%
    SGDMYR=X
    9,855.8896+4.9023+0.05%
    SGDIDR=X
    4.5979-0.0025-0.05%
    SGDCNY=X
    1.0240-0.0052-0.51%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,166.00+2.50+0.21%
    GCQ15.CMX
    15.65+0.03+0.20%
    SIZ15.CMX
    62.65+1.28+2.08%
    ^XAU
    2.64+0.01+0.30%
    HGU15.CMX
    56.61-0.32-0.56%
    CLQ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.65-0.06
    ^FVX
    2.39-0.02
    ^TNX
    3.190.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.155-0.010-6.06%
    5DN.SI
    0.300.000.00%
    5WA.SI
    0.855+0.005+0.59%
    N03.SI
    0.43-0.03-6.52%
    P15.SI
    0.193+0.001+0.52%
    5GB.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.139+0.022+18.80%
    D3W.SI
    0.215+0.031+16.85%
    AZR.SI
    0.53+0.07+16.48%
    BAJ.SI
    0.25+0.02+8.70%
    AZW.SI
    0.55+0.04+6.80%
    41C.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.058-0.062-51.67%
    5TW.SI
    0.088-0.032-26.67%
    40R.SI
    0.31-0.09-22.50%
    AVW.SI
    0.098-0.020-16.95%
    5I1.SI
    0.47-0.08-14.55%
    AZZ.SI