Variety of merchants net-short has decreased by 14.79% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SH
Variety of merchants net-short has decreased by 14.79% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
USD/JPY |
BEARISH |
50.07% |
49.93% |
7.19%
16.22% |
-15.09%
-14.79% |
-5.22%
-1.65% |
USD/JPY: Retail dealer information exhibits 50.07% of merchants are net-long with the ratio of merchants lengthy to brief at 1.00 to 1. The truth is, merchants have remained net-long since Jun 18 when USD/JPY traded close to 110.19, value has moved 0.45% increased since then. The variety of merchants net-long is 7.19% increased than yesterday and 16.22% increased from final week, whereas the variety of merchants net-short is 15.09% decrease than yesterday and 14.79% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests USD/JPY costs could proceed to fall.
Our information exhibits merchants are actually net-long USD/JPY for the primary time since Jun 18, 2021 when USD/JPY traded close to 110.19. 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 USD/JPY-bearish contrarian buying and selling bias.
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