[B]USD/JPY[/B][B] Ratio: 1.41
[/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 1.74 [B]1.41[/B] 58% 27.93% Bearish
[B]USDJPY – [/B]USDJPY positioning has moved towards parity over the past week, trimming the SSI reading from 1.74 a week ago to 1.41. Yesterday, the ratio stood at 1.48 as longs accounted for 60% of positions. In detail, long positions are up 6% from yesterday and 11.5% stronger than last week. Short positions jumped 13.6% from yesterday and have grown a startling 58.9% from last week. With the significant increase in both longs and shorts, open interest is 9.1% stronger than yesterday and 29.7% above the monthly average. The SSI is a contrarian indicator and therefore signals further USDJPY losses.