Investing.com - The Investing.com weekly sentiment index published on Monday revealed that speculators added to their bullish bets on the yen in the week ending January 29.
According to the report, 31.6% of market participants held long positions in USD/JPY as of last week, falling from 37.3% in the preceding week. A reading between 30% and 50% is bearish for the instrument.
Meanwhile, 34.3% of investors held long positions in EUR/USD as of last week, rising slightly from 33.2% a week earlier, 39.8% of investors were long GBP/USD, compared to 40.3% in the preceding week, while 46.4% of investors were long USD/CHF, up from 44.1% in the previous week.
Amongst the commodity-linked currencies, 56.8% were long USD/CAD, falling from 58.1% a week earlier, 36.5% held long positions in AUD/USD, compared to 32.4% in the preceding week, while 41.0% were long NZD/USD, rising from 36.2% a week earlier.
The report also showed that 41.6% of investors were long the S&P 500, compared to 34.2% a week earlier.
Elsewhere, 53.9% of market participants held long positions in gold futures last week, up from 52.9% 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.