Variety of merchants net-short has decreased by 5.56% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHO
Variety of merchants net-short has decreased by 5.56% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
USD/JPY |
BEARISH |
50.52% |
49.48% |
20.04%
1.35% |
-16.18%
-5.56% |
-1.11%
-2.19% |
USD/JPY: Retail dealer knowledge exhibits 50.52% of merchants are net-long with the ratio of merchants lengthy to quick at 1.02 to 1. In reality, merchants have remained net-long since Jul 20 when USD/JPY traded close to 109.86, value has moved 0.06% larger since then. The variety of merchants net-long is 20.04% larger than yesterday and 1.35% larger from final week, whereas the variety of merchants net-short is 16.18% decrease than yesterday and 5.56% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests USD/JPY costs might proceed to fall.
Our knowledge exhibits merchants at the moment are net-long USD/JPY for the primary time since Jul 20, 2021 09:00 GMT when USD/JPY traded close to 109.86. Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date adjustments provides us a stronger USD/JPY-bearish contrarian buying and selling bias.
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