Forex Traders Remain Net Long the US Dollar vs Japanese Yen

USD/JPY Ratio: 1.22

Trading Forecast: Bearish


USDJPY – The ratio of long to short positions in the USDJPY stands at 1.22 as nearly 55% of traders are long. Yesterday, the ratio was at 1.36 as 58% of open positions were long. In detail, long positions are 2.5% higher than yesterday and 21.6% weaker since last week.

Short positions are 14.7% higher than yesterday and 42.8% weaker since last week. Open interest is 7.6% stronger than yesterday and 46.8% below its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

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