Variety of merchants net-short has decreased by 16.38% from final week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
EUR/JPY: Retail dealer knowledge reveals 51.52% of merchants are net-long with the ratio of merchants lengthy to quick at 1.06 to 1. Actually, merchants have remained net-long since Dec 27 when EUR/JPY traded close to 122.38, value has moved 1.52% decrease since then. The variety of merchants net-long is 14.86% larger than yesterday and a couple of.30% decrease from final week, whereas the variety of merchants net-short is 25.00% decrease than yesterday and 16.38% 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 might proceed to fall. Our knowledge reveals merchants at the moment are net-long EUR/JPY for the primary time since Dec 27, 2019 07:00 GMT when EUR/JPY traded close to 122.38. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments offers us a stronger EUR/JPY-bearish contrarian buying and selling bias.