Investing.com - The Investing.com weekly sentiment index published on Monday revealed that market players cut back on their bullish bets on USD/JPY in the week ending December 5.
According to the report, 62.9% of market participants held long positions in USD/JPY as of last week, down from 69.2% a week earlier. A reading between 50%-70% is bullish for the instrument.
Meanwhile, 41.7% of investors held long positions in EUR/USD last week, up from 33.8% in the preceding week, while 48.6% of investors were long in GBP/USD, compared to 42.3% a week earlier.
Elsewhere, 56.7% of investors were long USD/CHF, down from 59.6% in the preceding week.
Amongst the commodity-linked currencies, 49.7% were long USD/CAD, compared to 53.4% a week earlier, 50.0% held long positions in AUD/USD, up from 44.3% in the preceding week, while 57.8% were long NZD/USD, improving from 50.7% a week earlier.
In the commodities market, 62.1% of market participants held long positions in gold futures as of last week, up from 55.3% in the previous week.
Meanwhile, 42.8% of investors were long the S&P 500 last week, compared to 30.8% in the preceding week.
A reading between 50%-70% is bullish for the instrument, a reading between 30% and 50% is bearish, a reading above 70% indicates overbought conditions and 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.