The Japanese Yen has been gaining in recent weeks. Even so, retail traders have been buying USD/JPY and AUD/JPY. Is this a sign that these pairs may continue falling ahead? Get your market update from ddubrovskyFX here:
/JPY.
tends to function as a contrarian indicator. If this trend in positioning continues, perhaps the Yen might have more room to recover. However, do the fundamentals align with this scenario? For detailed coverage, check out the webinar recording above.shows that about 44% of retail traders are net-long USD/JPY. Since most traders are still biased lower, this hints prices may continue rising. However, upside exposure has climbed by 9.99% and 22.38% compared to yesterday and last week respectively.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY: Dovish BoJ suggests modest yen depreciation – CIBCAnalysts at CIBC consider that the decision of the Bank of Japan to continue with its easing policy will keep the yen limited. They forecast the USD/J
Read more »
Japanese Yen Roars Back to Life – USDJPY, AUDJPY, EURJPY, GBPJPYYen continues to outperform on recession, peak yields themes. July FOMC meeting seen as “dovish,” taking USD lower. RBA, BoE meet this week – Key levels in play for AUDJPY & GBPJPY.
Read more »
Dollar jumps vs yen as Fed officials hint more rate hikes coming By Reuters*DOLLAR JUMPS AS FED OFFICIALS HINT MORE RATE HIKES COMING - $USD 🇺🇸🇺🇸
Read more »
US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPYThe USD continued to pullback after last week’s FOMC rate decision. The Fed didn’t say anything particularly dovish but given the response in both Forex and equities, it seems that there’s building hope for a pivot by the FED.
Read more »
USD/JPY: Dovish BoJ suggests modest yen depreciation – CIBCAnalysts at CIBC consider that the decision of the Bank of Japan to continue with its easing policy will keep the yen limited. They forecast the USD/J
Read more »