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%
83.43% |
-22.57%
-50.23% |
4.07%
-21.57% |
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.