USD/JPY ticked up after the two economic releases, rising to 111.70 from 111.40 just before. However the pair had been falling for some hours previously as doubts about President Trump's economic agenda hit Wall Street hard and fueled general US Dollar ...
USDJPY: Retail trader data shows 73.9% of traders are net-long with the ratio of traders long to short at 2.83 to 1. In fact, traders have remained net-long since Jan 09 when USDJPY traded near 116.304; price has moved 4.4% lower since then.
Today the Japanese Yen futures were on the Sell Short day of the Taylor Trading cycle. Following yesterday's rally into a new high for 2017, the Yen was a market to keep an eye on today for a trade opportunity.
USDJPY: Retail trader data shows 67.1% of traders are net-long with the ratio of traders long to short at 2.03 to 1. In fact, traders have remained net-long since Jan 09 when USDJPY traded near 116.998; price has moved 3.3% lower since then.