Our information reveals merchants at the moment are at their least net-long USD/JPY since Apr 12 when USD/JPY traded close to 111.99.

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Our information reveals merchants at the moment are at their least net-long USD/JPY since Apr 12 when USD/JPY traded close to 111.99.

Variety of merchants net-short has elevated by 166.67% from final week. SYMBOL


USD/JPY Client Positioning

Variety of merchants net-short has elevated by 166.67% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


USD/JPY

BULLISH

28.97%

71.03%

-9.72%
Day by day

-29.07%
Weekly

32.74%
Day by day

166.67%
Weekly

16.82%
Day by day

48.18%
Weekly

USD/JPY: Retail dealer information reveals 28.97% of merchants are net-long with the ratio of merchants brief to lengthy at 2.45 to 1. Our information reveals merchants at the moment are at their least net-long USD/JPY since Apr 12 when USD/JPY traded close to 111.99. The variety of merchants net-long is 9.72% decrease than yesterday and 29.07% decrease from final week, whereas the variety of merchants net-short is 32.74% greater than yesterday and 166.67% greater from final week.

We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests USD/JPY costs could proceed to rise.

Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date adjustments offers us a stronger USD/JPY-bullish contrarian buying and selling bias.



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