U.S. Markets close in 3 hrs 24 mins

US Dollar Might Fall Faster than Japanese Yen

David Rodriguez

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

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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.