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Thread: Discuss the USD/JPY with a DailyFX Analyst
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Old 10-30-2007, 01:55 PM
Antonio Sousa Antonio Sousa is offline
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The SSI signals a reversal on USDJPY
USDJPY - The ratio of long to short positions in the USDJPY stands at 1.46 as nearly 59% of traders are long. Yesterday, the ratio was at 1.66 as 62% of open positions were long. In detail, long positions are 6.8% lower than yesterday and 3.0% stronger since last week. Short positions are 6.5% higher than yesterday and 22.4% stronger since last week. Open interest is 1.8% weaker than yesterday and 22.4% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.


Source: FXCM Dealing Desk

For historical data and the latest charts based on the SSI please visit http://www.dailyfx.com/story/special...715337428.html

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