Variety of merchants net-short has decreased by 30.00% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SH

Variety of merchants net-short has decreased by 30.00% from final week.
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
AUD/JPY |
BEARISH |
50.43% |
49.57% |
3.52%
22.40% |
-12.17%
-30.00% |
-4.90%
-10.73% |
AUD/JPY: Retail dealer information exhibits 50.43% of merchants are net-long with the ratio of merchants lengthy to quick at 1.02 to 1. In truth, merchants have remained net-long since Jul 22 when AUD/JPY traded close to 81.31, worth has moved 0.42% decrease since then. The variety of merchants net-long is 3.52% greater than yesterday and 22.40% greater from final week, whereas the variety of merchants net-short is 12.17% decrease than yesterday and 30.00% 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 at the moment are net-long AUD/JPY for the primary time since Jul 22, 2021 when AUD/JPY traded close to 81.31. 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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