USD/JPY Ratio: 1.41
Signal: Bearish
| Currency | Last Week | Present* | % Long | % Change in Positions Outstanding | Signal |
| USD/JPY | 1.74 | 1.41 | 58% | 27.93% | Bearish |
USDJPY – USDJPY positioning has moved towards parity over the past week, trimming the SSI reading from 1.74 a week ago to 1.41. Yesterday, the ratio stood at 1.48 as longs accounted for 60% of positions. In detail, long positions are up 6% from yesterday and 11.5% stronger than last week. Short positions jumped 13.6% from yesterday and have grown a startling 58.9% from last week. With the significant increase in both longs and shorts, open interest is 9.1% stronger than yesterday and 29.7% above the monthly average. The SSI is a contrarian indicator and therefore signals further USDJPY losses.
