00 GMT when EUR/JPY traded close to 124.31.

HomeSentiment

00 GMT when EUR/JPY traded close to 124.31.

Variety of merchants net-short has decreased by 11.20% from final week. SYMBOL


EUR/JPY Client Positioning

Variety of merchants net-short has decreased by 11.20% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

EUR/JPY

BEARISH

50.78%

49.22%

22.01%
Every day

39.15%
Weekly

-7.04%
Every day

-11.20%
Weekly

5.75%
Every day

8.78%
Weekly

EUR/JPY: Retail dealer knowledge reveals 50.78% of merchants are net-long with the ratio of merchants lengthy to quick at 1.03 to 1. The truth is, merchants have remained net-long since Nov 09 when EUR/JPY traded close to 124.31, value has moved 0.97% decrease since then. The variety of merchants net-long is 22.01% increased than yesterday and 39.15% increased from final week, whereas the variety of merchants net-short is 7.04% decrease than yesterday and 11.20% decrease from final week.

We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests EUR/JPY costs could proceed to fall.

Our knowledge reveals merchants at the moment are net-long EUR/JPY for the primary time since Nov 09, 2020 12:00 GMT when EUR/JPY traded close to 124.31. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date modifications offers us a stronger EUR/JPY-bearish contrarian buying and selling bias.



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