USDJPY Longs Jump 38% Suggesting 105 On The Horizon

[B]USD[/B][B]/JPY Ratio: 1.90
[/B][B]Signal: Bearish[/B]

                                 [B]Currency[/B]             [B]Last Week[/B]             [B]Present*[/B]             [B]% Long[/B]             [B]% Change in   Positions Outstanding[/B]             [B]Signal[/B]                               USD/JPY             1.72             [B]1.90[/B]             65%             29.22%             Bearish                


[B]USDJPY - [/B]The ratio of long to short positions in the USDJPY stands at 1.90 as nearly 65% of traders are long. Yesterday, the ratio was at 1.77 as 64% of open positions were long. In detail, long positions are 31.6% higher than yesterday and 37.8% stronger since last week. Short positions are 22.7% higher than yesterday and 15.4% stronger since last week. Open interest is 28.4% stronger than yesterday and 21.9% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.