Investing.com - The Investing.com weekly sentiment index published on Monday revealed that market players increased their bullish bets on USD/JPY in the week ending June 13.
According to the data, 70.4% of market participants held long positions in USD/JPY, up from 69.1% a week earlier. A reading above 70% indicates overbought conditions.
Elsewhere, 37.6% of investors held long positions in EUR/USD, compared to 36.5% in the preceding week, while 39.4% were long in GBP/USD, down from 44.5% a week earlier.
Meanwhile, 48.8% of investors were long USD/CHF, compared to 52.7% in the preceding week.
Amongst the commodity-linked currencies, 60.5% were long USD/CAD, compared to 52.6% a week earlier, 54.0% held long positions in AUD/USD, up from 52.8% in the preceding week, while 43.7% were long NZD/USD, down from 53.5% a week earlier.
In the commodities market, 62.4% of market players held long positions in gold, compared to 64.6% a week earlier.
According to the report, just 15.3% of market participants held long positions in the S&P 500 last week, compared to 18.7% in the previous week. A reading below 30% indicates oversold conditions.
The Investing.com series of indexes is developed in-house. Each index measures overall exposure to major currency pairs, commodities and indexes, using data from futures exchanges and OTC providers on all long and short open positions.
A reading between 50% and 70% is bullish for the instrument, a reading between 30% and 50% is bearish.
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