DY: Japanese Yen May Trade Higher against US Dollar
USDJPY – The ratio of long to short positions in the USDJPY stands at 1.75 as nearly 64% of traders are long. Yesterday, the ratio was at 1.56 as 61% of open positions were long. In detail, long positions are 3.5% higher than yesterday and 9.9% weaker since last week. Short positions are 7.7% lower than yesterday and 46.6% stronger since last week. Open interest is 0.8% weaker than yesterday and 5.4% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.
