Variety of merchants net-short has decreased by 18.75% from final week.
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
AUD/JPY |
BEARISH |
51.85% |
48.15% |
52.17%
33.33% |
-2.99%
-18.75% |
19.47%
1.89% |
AUD/JPY: Retail dealer information exhibits 51.85% of merchants are net-long with the ratio of merchants lengthy to quick at 1.08 to 1. In actual fact, merchants have remained net-long since Apr 30 when AUD/JPY traded close to 69.57, worth has moved 8.26% larger since then. The variety of merchants net-long is 52.17% larger than yesterday and 33.33% larger from final week, whereas the variety of merchants net-short is 2.99% decrease than yesterday and 18.75% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests AUD/JPY costs might proceed to fall.
Our information exhibits merchants are actually net-long AUD/JPY for the primary time since Apr 30, 2020 when AUD/JPY traded close to 69.57. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date modifications provides us a stronger AUD/JPY-bearish contrarian buying and selling bias.