© Dukascopy Bank SA
- BK Asset Management (based on CNBC)
Pair's Outlook
USD/JPY effortlessly pierced through the nearby resistances yesterday, soaring up to the next significant area at 101.80/40, below which the currency pair is consolidating at the moment. And even though the daily technicals turned mixed, the U.S. Dollar is supposed to carry on outperforming the Japanese Yen in the future, being that the September high is no longer in the way.
Traders' Sentiment
Although the portion of bullish bets on the value of the buck with respect to the Yen has decreased by two percentage points, it has not introduced any notable changes into the sentiment of the market—the longs continue to dominate by taking up 73% of the market.
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