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Traders long Japanese yen, but bearish on Nikkei 225 index in May
Pan-European derivatives trading venue Spectrum Markets has published its SERIX sentiment data for European retail investors for May, revealing strong positive interest towards the Japanese Yen against the Euro and US Dollar. Meanwhile retail investors’ sentiment was bearish towards the Nikkei 225. The SERIX value indicates retail investor sentiment, with a number above 100 marking bullish sentiment, and a number below 100 indicating bearish sentiment. For products linked to EUR/JPY the SERIX recorded a bearish level of only 81 points last month, suggesting investors expected the Yen to outperform the Euro. ... (full story)