[B]USD/JPY ratio: 2.04
Trading Forecast: Bearish[/B]
[B]USDJPY[/B] – Our contrarian forex trading strategies have aggressively sold into USD/JPY weakness, as 3 of 6 trading systems remain short through time of writing. The ratio of long to short positions in the USDJPY stands at 2.04 as nearly 67% of traders are long. Yesterday, the ratio was at 2.19 as 69% of open positions were long. In detail, long positions are 0.8% higher than yesterday and 84.4% stronger since last week. Short positions are 8.0% higher than yesterday and 5.4% weaker since last week. Open interest is 3.1% stronger than yesterday and 19.5% above its monthly average. The SSI is a contrarian indicator and signals further USDJPY losses.