Dollar Seems Likely to Bounce versus Yen

By DailyFx | Updated July 30, 2014 AAA

DailyFX.com - Dollar Seems Likely to Bounce versus Yen

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

USDJPY Heavily one-sided retail trader sentiment suggests the US Dollar may stick to its tight trading range versus the Japanese Yen.

Trade Implications – JPY Pairs: Yesterday we noted that a major USDJPY breakdown could spark much larger FX market volatility. Yet that seems relatively unlikely given extremely slow price action, and instead the potential for a crowd sentiment extreme favors a USDJPY and EURJPY bounce off of key lows.

See next currency section:AUDUSD - Australian Dollar Likely to Continue Higher

Written by David Rodriguez, Quantitative Strategist for DailyFX.com

Dollar Seems Likely to Bounce versus Yen

Automate our SSI-based trading strategies via Mirror Trader free of charge

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

You May Also Like

Related Forex Analysis
  1. Forex News

    Weekly Trading Forecast: How Far can the Dollar Go in 2014?

  2. Forex News

    Japanese Yen May Resume Recovery on Year-End Capital Flows

  3. Forex News

    US Dollar Targets Fresh Highs versus Euro, but What Could Change?

  4. Forex News

    USD/JPY rises to 1-week highs

  5. Forex News

    USD/JPY: heading to 121.85? - Scotiabank

Trading Center