No Clear Direction for the Yen As Sentiment Shifts

USDJPY: Retail trader data shows 54.1% of traders are net-long with the ratio of traders long to short at 1.18 to 1. The number of traders net-long is 6.1% lower than yesterday and 1.9% higher from last week, while the number of traders net-short is 10.5% higher than yesterday and 17.0% lower from last week. […]

JPY Sentiment Shifts as Traders Go Net-Long

USDJPY: Retail trader data shows 49.5% of traders are net-long with the ratio of traders short to long at 1.02 to 1. The number of traders net-long is 0.2% higher than yesterday and 11.7% lower from last week, while the number of traders net-short is 2.1% lower than yesterday and 14.2% higher from last week. […]

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Japanese Yen Shrugs At Weaker Business Sentiment

Talking Points Japanese businesses are less confident now than they were in the last quarter of 2016, a survey showed Large manufactures are much gloomier However, the Yen barely moved. Well, it is “payrolls Friday” The Japanese Yen was steady on Friday despite news of some weakening in business confidence. The Business Sentiment Index for […]

US Dollar to Join Yen Rally as Deutsche Bank Sours Sentiment

Talking Points: US Dollar likely to join Yen on the upside as Deutsche Bank sours sentiment Aussie Dollar sinks as Asian, European shares follow Wall Street downward US PCE, Eurozone CPI may pass unnoticed as risk aversion grips markets The sentiment-linked Australian Dollar underperformed overnight while the anti-risk Japanese Yen traded higher as risk aversion […]

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GBP/USD Unchanged As Consumer Sentiment Survey Offsets Business Slip

Talking Points The GBP/USD was little changed after better than expected consumer confidence GfK consumer confidence -7 vs -8 expected and -12 recorded previously Lloyds business sentiment report dropped to 16 in August from previous 29 read Keep an eye on short-term trends for the using the Grid Sight Index (GSI) here. The British Pound […]