© Dukascopy Bank SA
- Aozora Bank Ltd. (based on Bloomberg)
Pair's Outlook
USD/JPY pair found a support for a further appreciation and the price stepped higher from the weekly PP at 82.16. Currently, the price moves towards a previous high at 82.83, which is the highest point in 8 months. As the pair maintains strong bullish sentiments, but technical indicators tempt about an oversold situation, therefore, a sharp increase above the previous high would not be very likely.
Traders' Sentiment
SWFX market participants maintain huge expectations for a further appreciation of USD/JPY pair, as the 72% of traders have opened a buy position and 28% have a short position. Pending orders segment reached a significant extend of bullish sentiments, as 93% of orders are buy and only 7% are sell.
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