Alerts

EUR/JPY IG Consumer Sentiment: Our knowledge reveals merchants are actually net-long EUR/JPY for the primary time since Dec 07, 2019 when EUR/JPY traded close to 120.08.

EUR/JPY Client Positioning

Variety of merchants net-short has decreased by 9.60% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

EUR/JPY

BEARISH

50.17%

49.83%

15.75%
Day by day

22.50%
Weekly

-Four.26%
Day by day

-9.60%
Weekly

Four.83%
Day by day

Four.09%
Weekly

EUR/JPY: Retail dealer knowledge reveals 50.17% of merchants are net-long with the ratio of merchants lengthy to brief at 1.01 to 1. In actual fact, merchants have remained net-long since Dec 07 when EUR/JPY traded close to 120.08, worth has moved 1.53% increased since then. The variety of merchants net-long is 15.75% increased than yesterday and 22.50% increased from final week, whereas the variety of merchants net-short is Four.26% decrease than yesterday and 9.60% decrease from final week. We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests EUR/JPY costs could proceed to fall. Our knowledge reveals merchants are actually net-long EUR/JPY for the primary time since Dec 07, 2019 when EUR/JPY traded close to 120.08. 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 EUR/JPY-bearish contrarian buying and selling bias.


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