Author: David Graham
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the Credit market.
Our information exhibits merchants are actually net-short GBP/JPY for the primary time since Might 05, 2019 when GBP/JPY traded close to 145.89.
Variety of merchants net-short has elevated by 31.39% from final week.
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