SSI: USDJPY Longs Aproaching Extreme Levels, Signaling More Weakness

Published June 23rd, 2009 - 12:29 GMT
Al Bawaba
Al Bawaba








Intraday Highlight:

USDJPY - The ratio of long to short positions in the USDJPY stands at 2.12 as nearly 68% of traders are long. Yesterday, the ratio was at 1.93 as 66% of open positions were long. In detail, long positions are 9.4% higher than yesterday and 32.8% stronger since last week. Short positions are 0.4% lower than yesterday and 17.0% stronger since last week. Open interest is 6.0% stronger than yesterday and 26.2% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.