USD/JPY has moved above 155.00 on the back of a stronger US dollar, leaving the pair vulnerable to another round of official intervention
Retail trader data show 32.23% of traders are net-long with the ratio of traders short to long at 2.10 to 1.The number of traders net-long is 3.94% lower than yesterday andWe typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USD/JPY prices may continue to rise.
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