[USDJPY]Speculators’ Yen short positions increased Long

U.S. Dollar/Japanese YenFXCM

Description

⋅ Oct 27, 2021 10:58 AM

The chart below is the USDJPY weekly chart with speculators’ position provided by CFTC.

The purple bars at the bottom of the chart is speculators’ Yen short positions which have been increased since the end of Sep.

Looking at the historical data where speculators’ Yen short is at peak, there is two points;

1. Week of Oct1, 2018 (blue horizontal/vertical line), USDJPY rate: 114.843
2. Week of Nov13, 2017 (Red horizontal/vertical line), USDJPY rate: 114.603

The latest CFTC positions show there is still gap between Oct25 week and blue&red horizontal line, which could indicate that the USDJPY rate would break 115.00 shortly.