On the Yen, retail investors are net long 50k contracts as of
last Friday. This level of net long positions has typically led to
some form of retracement in the Yen
I started to scale into long USDJPY positions this week and
coupled with divergence on the currency chart, it makes for me a
good risk reward trade
So what you state is another good reason to either expect
S&P strength and/or JPY weakness in the coming weeks
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On the Yen, retail investors
another....
Posted by vimal on 27th of Aug 2010 at 03:45 am
On the Yen, retail investors are net long 50k contracts as of last Friday. This level of net long positions has typically led to some form of retracement in the Yen
I started to scale into long USDJPY positions this week and coupled with divergence on the currency chart, it makes for me a good risk reward trade
So what you state is another good reason to either expect S&P strength and/or JPY weakness in the coming weeks