Variety of merchants net-short has elevated by 14.48% from final week. SYMBOL
Variety of merchants net-short has elevated by 14.48% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
MIXED |
51.70% |
48.30% |
29.68%
13.08% |
-11.96%
14.48% |
5.57%
13.75% |
USD/JPY: Retail dealer knowledge reveals 51.70% of merchants are net-long with the ratio of merchants lengthy to quick at 1.07 to 1. In actual fact, merchants have remained net-long since Mar 24 when USD/JPY traded close to 111.12, worth has moved 2.47% decrease since then. The variety of merchants net-long is 29.68% increased than yesterday and 13.08% increased from final week, whereas the variety of merchants net-short is 11.96% decrease than yesterday and 14.48% increased from final week.
We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests USD/JPY costs might proceed to fall.
Our knowledge reveals merchants are actually net-long USD/JPY for the primary time since Mar 24, 2020 09:00 GMT when USD/JPY traded close to 111.12. Positioning is extra net-long than yesterday however much less net-long from final week. The mixture of present sentiment and up to date adjustments provides us an extra blended USD/JPY buying and selling bias.