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Thread: Discuss the USD/JPY with a DailyFX Analyst
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Old 10-31-2007, 05:40 PM
Antonio Sousa Antonio Sousa is offline
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Speculative Positioning (After FOMC rate decision)

The ratio of long to short positions in the USDJPY stands at 1.40 as nearly 58% of traders are long. Yesterday, the ratio was at 1.66 as 62% of open positions were long. In detail, long positions are 12.0% lower than yesterday and 2.7% weaker since last week. Short positions are 4.3% higher than yesterday and 19.9% stronger since last week. Open interest is 5.9% weaker than yesterday and 17.6% 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/strateg...903946044.html

For information on an FXCM Managed Fund that takes advantage of the SSI, please review our Sentiment Fund at: http://www.fxcmmanagedfunds.com/ or call +1 646-432-2968.
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