US Dollar Might Fall Faster than Japanese Yen

DailyFX

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ssi_usd-jpy_body_USDJPYSSI.png, US Dollar Might Fall Faster than Japanese Yen

Japanese Yen – Retail forex traders remain heavily long the Japanese Yen against all major counterparts with a clear exception in the US Dollar. Both the Dollar and Yen seem likely to fall further.

Trade Implications – JPY Pairs: Our sentiment-based trading strategies continue to sell into Yen weakness versus the Euro, British Pound, and Swiss Franc (long EURJPY, GBPJPY, and CHFJPY). The fact that crowds remain heavily long USDJPY suggests that the US Dollar might actually fall faster than the JPY, but both seem poised to fall against broader counterparts. Receive any and all updates on my e-mail distribution list via this link.

Written by David Rodriguez, Quantitative Strategist for DailyFX.com

ssi_usd-jpy_body_Picture_13.png, US Dollar Might Fall Faster than Japanese Yen

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