Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
Japanese Yen – Retail forex traders remain short the British Pound versus the Japanese Yen as it trades near key peaks, but a continued moderation in positions warns that Yen crosses may have turned lower.
Our Senior Technical Strategist underlines risks that the USDJPY itself may stall at monthly highs before breaking lower. If this does indeed occur, we would expect our sentiment-based systems to sell into USDJPY, GBPJPY, and other JPY cross weakness.
Written by David Rodriguez, Quantitative Strategist for DailyFX.com
Automate our SSI-based trading strategies via Mirror Trader free of charge
To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.
Contact David via
Twitter at https://www.twitter.com/DRodriguezFX
Facebook at http://www.Facebook.com/DRodriguezFX