Oanda open position order book dramatic increase from last week now current time at 57.51% long side USDJPY.
Past several weeks unit remained near the balance point Neither long nor short dominant at least with this brokers book printing.
This actual position shift towards the long side is at least now reflecting the upward bias that has been all but scandalous.
Opposites attract! and with that being defined I expect this pair to struggle to remain so "dollar dominant". As of this writing Japan is on holiday. Later in the next session maybe so dip buying will occur from the "cant go wrong bunch" beyond that into the U.S. period it will again be a coin toss with the cash whores.
Past several weeks unit remained near the balance point Neither long nor short dominant at least with this brokers book printing.
This actual position shift towards the long side is at least now reflecting the upward bias that has been all but scandalous.
Opposites attract! and with that being defined I expect this pair to struggle to remain so "dollar dominant". As of this writing Japan is on holiday. Later in the next session maybe so dip buying will occur from the "cant go wrong bunch" beyond that into the U.S. period it will again be a coin toss with the cash whores.
"Look Left Think Right"