Number of merchants net-short has elevated by 34.60% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/JPY |
BULLISH |
22.08% |
77.92% |
-22.16%
-2.58% |
-11.75%
34.60% |
-14.29%
24.14% |
EUR/JPY: Retail dealer information reveals 22.08% of merchants are net-long with the ratio of merchants quick to lengthy at 3.53 to 1. Our information reveals merchants are actually at their least net-long EUR/JPY since Oct 25 when EUR/JPY traded close to 132.01. The variety of merchants net-long is 22.16% decrease than yesterday and a pair of.58% decrease from final week, whereas the variety of merchants net-short is 11.75% decrease than yesterday and 34.60% larger from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests EUR/JPY costs might proceed to rise.
Traders are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date adjustments offers us a stronger EUR/JPY-bullish contrarian buying and selling bias.
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