Tag Archives: FTSE

The Japanese Yen has the upper hand against the US Dollar but its bulls have yet to force a key break lower for USD/JP. They are close however.

The latest report showed yet another net positive change in positioning in the USD index, a theme that has been in place since April.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading bias.