Japanese Yen and US Dollar In Focus On Major Risk of Market Shift

DailyFX

- Japanese Yen sees these key risks of important reversal

- Our sentiment-based trading strategies have begun to switch direction on the Yen, Dollar

- Gold remains at risks of continued weakness on heavily one-sided sentiment

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

View individual currency sections:

EURUSD - Euro Likely to Test Fresh Peaks versus US Dollar

GBPUSD - British Pound Remains an Attractive Buy Above Key Levels

USDJPY - Japanese Yen Sentiment Warns of Potential Reversal

Gold - Gold Prices Forecast to Test 2013 Lows

SPX500 - S&P 500 Rally Shows Real Signs of Stress

AUDUSD - Australian Dollar Poised to Test Major Lows

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

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The Japanese Yen is at major risk of reversal as forex crowds switch direction, and indeed the biggest loser might be the US Dollar. What are our strategies trading?

Last week our proprietary retail forex trader data showed crowds remained heavily long the Yen versus the Dollar and other major counterparts. Yet much of the same traders have most recently sold into JPY gains.

It’s admittedly early to call for a major reversal of such one-sided Yen moves. Yet we can’t ignore these key risks to the USDJPY and other JPY crosses.

See specific US Dollar forecasts in the sections above, and sign up for future e-mail updates via this author’s e-mail distribution list.

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ssi_table_story_body_Chart_3.png, Japanese Yen and US Dollar In Focus On Major Risk of Market Shift

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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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