USDJPY - The ratio of long to short positions in the USDJPY stands at -1.01 as 50% of traders are long. Yesterday the ratio was -1.01; 50% of open positions were long. Long positions are 4.4% higher than yesterday and 14.7% below levels seen last week. Short positions are 3.9% higher than yesterday and 59.1% above levels seen last week. Open interest is 4.1% higher than yesterday and 4.2% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the USDJPY may continue higher. The trading crowd has grown less net-short from yesterday but unchanged since last week. The combination of current sentiment and recent changes gives a further mixed trading bias.
