Speculators' positioning on the U.S. dollar slipped | 23 May 2022

23 May 2022, USD/JPY

Speculators' positioning on the U.S. dollar slipped

USDJPY trading plan:

Speculators' net long positioning on the U.S. dollar slipped, after hitting their highest level since late November in the previous week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released. The value of the net long dollar position drifted lower to $19.75 billion in the week ended May 17, from $19.82 billion the previous week. The dollar has been underpinned overall in recent months by safe-haven bids amid soaring inflation, a hawkish Federal Reserve and the Russia-Ukraine conflict. That rally, however, fizzled this week due to increased volatility in global financial markets after the lofty levels the dollar had scaled in recent months.

Investment idea: range 127.25 -128.15.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus