Indeed, the PMI points to a Japanese manufacturing economy expanding at a “decent clip,” IHS Markit said. However, it did caution that new order books seem to be supported by a weaker Yen, which is in turn pushing up manufacturers' costs. Inflation of ...
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.
TOKYO The Japanese yen's recent rise against the dollar has defied conventional market wisdom, but a stronger currency may actually support Japan as it confronts the Trump administration on matters of trade and foreign exchange.
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.