Variety of merchants net-short has decreased by 34.41% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SH

Variety of merchants net-short has decreased by 34.41% from final week.
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
AUD/JPY |
BEARISH |
50.72% |
49.28% |
30.43%
32.08% |
-23.31%
-34.41% |
-3.04%
-11.91% |
AUD/JPY: Retail dealer information exhibits 50.72% of merchants are net-long with the ratio of merchants lengthy to brief at 1.03 to 1. In reality, merchants have remained net-long since Jun 21 when AUD/JPY traded close to 83.18, worth has moved 2.05% decrease since then. The variety of merchants net-long is 30.43% greater than yesterday and 32.08% greater from final week, whereas the variety of merchants net-short is 23.31% decrease than yesterday and 34.41% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests AUD/JPY costs could proceed to fall.
Our information exhibits merchants are actually net-long AUD/JPY for the primary time since Jun 21, 2021 when AUD/JPY traded close to 83.18. Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date adjustments offers us a stronger AUD/JPY-bearish contrarian buying and selling bias.
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