According to the data from Tokyo Financial Exchange’s margin-trading market, yesterday Japanese individual investors sold the record amount of yen versus the greenback. On February 1 there were 280,858 net long positions for the pair USD/JPY – the most since July 2006.

Analysts at Gaitame.com Research Institute say that individual investors usually trade against the market trend buying on dips and selling on rallies. So, if dollar strengthens versus yen those who bought dollars now will get rid of American currency.

Yesterday the pair USD/JPY hit January 3 minimum at 81.31. Strategists at Rabobank International note that Japanese yen a bit weakened today as investors’ risk appetite improved.



Chart. H1 USD/JPY

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