Is it a Good Time to Get Long the Dollar versus the Japanese Yen?
Here you can find all the latest breaking forex and currency news about Is it a Good Time to Get Long the Dollar versus the Japanese Yen? including currency analysis and forecasts, live foreign exchange rates, central bank interest rates, and currency trading strategies from experienced fx traders and forex platforms.
- US Dollar breaking major highs versus Japanese Yen
- Our real FX volume indicator shows limited participation in the move
- Critical resistance marks major tests, while positioning warns against chasing here
USDJPY Finally Breaking Out, but Move Occurring on Low Volume and Trader Interest
Source: FXCM Trading Station Desktop, FXCM Real Volume and Transactions Indicator, Prepared by David Rodriguez.
Test of Critical Resistance Can Quickly Tell us if this is Lasting Breakout
Source: FXCM Trading Station Desktop, FXCM Real Volume and Transactions Indicator, Prepared by David Rodriguez.
Professional Positions Have Actually Grown Less Long USDJPY
Source: FXCM Retail FX Positioning Data, Prepared by David Rodriguez.
Retail Traders Are Mostly Closing Long Positions as Pair Tests Highs
Source: FXCM Retail FX Positioning Data, Prepared by David Rodriguez.
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com David specializes in automated trading strategies. Find out more about our automated sentiment-based strategies on DailyFX PLUS.
Contact and follow David via Twitter: https://twitter.com/DRodriguezFX
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