Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Jun 23 - 08:55 AM

USD/JPY - COMMENT-Risk Rebound Is A Huge Threat To Growing USD/JPY Shorts

By Martin Miller  —  Jun 23 - 07:05 AM

In times of risk appetite, funds usually flow out of the safe-haven yen, putting the short USD/JPY position under threat.
World stocks and risk currencies rallied on Tuesday's encouraging global economic data and assurances from U.S. President Donald Trump that the U.S.-China trade deal remained "fully intact" after confusion over its fate had emerged nL8N2E01X9.
The USD/JPY speculative short position has grown, according to IMM data -- the week ending June 16 showed a futures market short an equivalent cash USD/JPY position of $2.58 billion, up from $2.03 billion the previous week.
EBS flow data since June 16 shows USD/JPY shorts may have grow even more.
USD/JPY shorts will be squeezed if there is a daily close above the 107.35 Fibo, a 23.6% retrace of the 109.85 to 106.58 drop.
Those short will hope USD/JPY fails to close above the daily cloud, which currently spans 106.45-107.04.

IMM Position Chart: Click here

EBS Flow Data Chart: Click here

Daily Ichimoku Chart: Click here

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved