Our information exhibits merchants are actually net-long EUR/JPY for the primary time since Could 26, 2020 when EUR/JPY traded close to 118.05.

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Our information exhibits merchants are actually net-long EUR/JPY for the primary time since Could 26, 2020 when EUR/JPY traded close to 118.05.

Variety of merchants net-short has decreased by 50.23% from final week. SYMBOL


EUR/JPY Client Positioning

Variety of merchants net-short has decreased by 50.23% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

EUR/JPY

BEARISH

50.16%

49.84%

58.13%
Each day

83.43%
Weekly

-22.57%
Each day

-50.23%
Weekly

4.07%
Each day

-21.57%
Weekly

EUR/JPY: Retail dealer information exhibits 50.16% of merchants are net-long with the ratio of merchants lengthy to quick at 1.01 to 1. In truth, merchants have remained net-long since Could 26 when EUR/JPY traded close to 118.05, worth has moved 3.13% larger since then. The variety of merchants net-long is 58.13% larger than yesterday and 83.43% larger from final week, whereas the variety of merchants net-short is 22.57% decrease than yesterday and 50.23% decrease from final week.

We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests EUR/JPY costs might proceed to fall.

Our information exhibits merchants are actually net-long EUR/JPY for the primary time since Could 26, 2020 when EUR/JPY traded close to 118.05. Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications offers us a stronger EUR/JPY-bearish contrarian buying and selling bias.



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