USDJPY currently has a score of +1, or a Neutral rating after adding up all categories.
First, let's look at what institutional traders are buying/selling. We can see that theUSD has a long percentage of 74.9%, and we see that the JPY has a long percentage of 22.8%. This category receives a +2, as institutional traders favor the USD. Taking a look at USDJPY, we see that retail traders are 47% long, and 53% short. We consider this information most useful when a market is at an extreme reading from retail traders. If the retail crowd is 60% or more positioned to one side, we get a +1 or -1. Currently, theUSDJPY gets a reading of 0 in this category. Remember, if the retail crowd is very long, we will look to short, and vice versa. Taking a look at seasonality, we get a score of +1. What this tells us is that based on historical data, this market tends to rise during this month. Trend reading is based on the daily chart, using the 5, 8, and 21 Exponential Moving Average. The more 'aligned' they are, the stronger the trend up or down. In this case, we have a score of -2. Finally, let's look at fundamentals. GDP growth favors the USD, inflation favors the JPY, unemployment favors the JPY and interest rates favor the USD