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EUR/JPY IG Shopper Sentiment: Our information reveals merchants at the moment are net-long EUR/JPY for the primary time since Oct 07, 2021 when EUR/JPY traded close to 129.00.

eur/jpy-ig-shopper-sentiment:-our-information-reveals-merchants-at-the-moment-are-net-long-eur/jpy-for-the-primary-time-since-oct-07,-2021-when-eur/jpy-traded-close-to-12900.

EUR/JPY Client Positioning

Variety of merchants net-short has decreased by 22.22% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

EUR/JPY

BEARISH

50.66%

49.34%

20.63% Each day

50.66% Weekly

-9.19% Each day

-22.22% Weekly

3.81% Each day

3.03% Weekly

EUR/JPY: Retail dealer information reveals 50.66% of merchants are net-long with the ratio of merchants lengthy to brief at 1.03 to 1. The truth is, merchants have remained net-long since Oct 07 when EUR/JPY traded close to 129.00, value has moved 1.60% increased since then. The variety of merchants net-long is 20.63% increased than yesterday and 50.66% increased from final week, whereas the variety of merchants net-short is 9.19% decrease than yesterday and 22.22% decrease from final week.

We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests EUR/JPY costs could proceed to fall.

Our information reveals merchants at the moment are net-long EUR/JPY for the primary time since Oct 07, 2021 when EUR/JPY traded close to 129.00. 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 EUR/JPY-bearish contrarian buying and selling bias.

DailyFX gives foreign exchange information and technical evaluation on the developments that affect the worldwide forex markets.

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