The chart yen bears don’t want to see

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Yen shorts are at a 5-year high.

The weekly CFTC data released Friday show net yen shorts at 79K, a surge from 51K a week earlier.

The data is collected at the close each Tuesday.

The most frightening part is that even as yen shorts piled on (from Tues, Nov 20 to Tues, Nov 27) USD/JPY rose just 47 pips.

If you’re long USD/JPY or any other yen cross beware.

Author: Adam Button

Adam Button is the managing editor of ForexLiveâ„¢. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes there's an edge in knowing every tidbit of news. He was formerly the head of the markets team at the Canadian Economic Press and is a graduate of Ryerson University. Adam lives in Montreal, follow him on Twitter: @FX_Button.


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Adam Button


  1. Hey Adam. You should be watching football & curling today. lol
    They want the Yen devalued. This would be a great month to do it.

  2. Looks like a cave full of “stalactites””… All the better reason to blow those [dnt options] and stops up to 84/

  3. Canadian football is over for the year. I wish I was watching hockey.


  5. There’s tons of good hockey to watch. We don’t need the NHL

  6. At least the Canuk football players are not committing suicide/
    We will see how long that lasts at Mr. Carneys first BoE press conference…
    Thanks for taking some of your valuable time Adam/ You are well respected :)

  7. Good afternoon, Adam. There looks like there might be some gas left in being long EUR/JPY (up to EUR/JPY 111.430); the pair’s weekly chart clearly shows a clear break-out and standard (14) RSI is currently at 63.63.


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