USDJPY Longs Jump 38% Suggesting 105 On The Horizon

Published January 31st, 2008 - 08:40 GMT
Al Bawaba
Al Bawaba

USD/JPY Ratio: 1.90
Signal: Bearish



Currency Last Week Present* % Long % Change in Positions Outstanding Signal
USD/JPY 1.72 1.90 65% 29.22% Bearish


USDJPY - The ratio of long to short positions in the USDJPY stands at 1.90 as nearly 65% of traders are long. Yesterday, the ratio was at 1.77 as 64% of open positions were long. In detail, long positions are 31.6% higher than yesterday and 37.8% stronger since last week. Short positions are 22.7% higher than yesterday and 15.4% stronger since last week. Open interest is 28.4% stronger than yesterday and 21.9% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.