Our information reveals merchants at the moment are net-short USD/JPY for the primary time since Jun 10, 2020 when USD/JPY traded close to 106.92.

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Our information reveals merchants at the moment are net-short USD/JPY for the primary time since Jun 10, 2020 when USD/JPY traded close to 106.92.

Variety of merchants net-short has elevated by 21.94% from final week. SYMBOL


USD/JPY Client Positioning

Variety of merchants net-short has elevated by 21.94% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

USD/JPY

BULLISH

47.66%

52.34%

-15.54%
Day by day

-15.11%
Weekly

22.97%
Day by day

21.94%
Weekly

1.02%
Day by day

0.94%
Weekly

USD/JPY: Retail dealer information reveals 47.66% of merchants are net-long with the ratio of merchants quick to lengthy at 1.10 to 1. In truth, merchants have remained net-short since Jun 10 when USD/JPY traded close to 106.92, worth has moved 0.61% increased since then. The variety of merchants net-long is 15.54% decrease than yesterday and 15.11% decrease from final week, whereas the variety of merchants net-short is 22.97% increased than yesterday and 21.94% increased from final week.

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

Our information reveals merchants at the moment are net-short USD/JPY for the primary time since Jun 10, 2020 when USD/JPY traded close to 106.92. Merchants are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date modifications provides us a stronger USD/JPY-bullish contrarian buying and selling bias.



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