![ssi_usd-jpy_body_Picture_12.png, Japanese Yen Could Accelerate Higher](http://media.dailyfx.com/illustrations/2014/01/30/ssi_usd-jpy_body_Picture_12.png)
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USDJPY – An aggressive shift in retail FX crowd sentiment warns that the Japanese Yen may continue to fresh highs (USDJPY, EURJPY to lows).
Trade Implications – JPY Pairs: The trading crowd is now its most long USDJPY since the pair traded near ¥99 through early November, and our contrarian Momentum2 trading strategy has sold from ¥102.24.
Our Senior Strategist points out that the USD trades just above the critical ¥102.00 mark, and a move below could initiate the next leg of important USDJPY weakness.
Written by David Rodriguez, Quantitative Strategist for DailyFX.com
![ssi_usd-jpy_body_Picture_13.png, Japanese Yen Could Accelerate Higher](http://media.dailyfx.com/illustrations/2014/01/30/ssi_usd-jpy_body_Picture_13.png)
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