Variety of merchants net-short has decreased by 5.50% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHO
Variety of merchants net-short has decreased by 5.50% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
USD/JPY |
BEARISH |
50.67% |
49.33% |
11.88%
18.26% |
-10.53%
-5.50% |
-0.43%
5.21% |
USD/JPY: Retail dealer information reveals 50.67% of merchants are net-long with the ratio of merchants lengthy to brief at 1.03 to 1. In reality, merchants have remained net-long since Mar 02 when USD/JPY traded close to 106.76, value has moved 2.01% greater since then. The variety of merchants net-long is 11.88% greater than yesterday and 18.26% greater from final week, whereas the variety of merchants net-short is 10.53% decrease than yesterday and 5.50% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests USD/JPY costs might proceed to fall.
Our information reveals merchants at the moment are net-long USD/JPY for the primary time since Mar 02, 2021 when USD/JPY traded close to 106.76. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date modifications offers us a stronger USD/JPY-bearish contrarian buying and selling bias.
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