Variety of merchants net-short has decreased by 26.98% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SH

Variety of merchants net-short has decreased by 26.98% from final week.
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
AUD/JPY |
BEARISH |
51.55% |
48.45% |
13.09%
21.35% |
-13.98%
-26.98% |
-1.87%
-8.11% |
AUD/JPY: Retail dealer information exhibits 51.55% of merchants are net-long with the ratio of merchants lengthy to brief at 1.06 to 1. Actually, merchants have remained net-long since Jul 09 when AUD/JPY traded close to 82.47, value has moved 2.87% decrease since then. The variety of merchants net-long is 13.09% larger than yesterday and 21.35% larger from final week, whereas the variety of merchants net-short is 13.98% decrease than yesterday and 26.98% 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 Jul 09, 2021 when AUD/JPY traded close to 82.47. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments provides us a stronger AUD/JPY-bearish contrarian buying and selling bias.
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