Variety of merchants net-short has elevated by 4.02% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHOR
Variety of merchants net-short has elevated by 4.02% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
USD/JPY |
BULLISH |
49.93% |
50.07% |
-19.54%
-14.91% |
10.97%
4.02% |
-6.69%
-6.38% |
USD/JPY: Retail dealer information exhibits 49.93% of merchants are net-long with the ratio of merchants brief to lengthy at 1.00 to 1. The truth is, merchants have remained net-short since Could 18 when USD/JPY traded close to 108.89, worth has moved 0.82% larger since then. The variety of merchants net-long is 19.54% decrease than yesterday and 14.91% decrease from final week, whereas the variety of merchants net-short is 10.97% larger than yesterday and 4.02% larger from final week.
We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests USD/JPY costs could proceed to rise.
Our information exhibits merchants are actually net-short USD/JPY for the primary time since Could 18, 2021 16:00 GMT when USD/JPY traded close to 108.89. Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date modifications offers us a stronger USD/JPY-bullish contrarian buying and selling bias.
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