Investing.com - The Investing.com weekly sentiment index published on Monday revealed that speculators added to their bullish bets on the Japanese yen in the week ending January 15.
According to the report, 38.7% of market participants held long positions in USD/JPY as of last week, down from 45.6% a week earlier.
Meanwhile, 27.0% of investors held long positions in EUR/USD, little changed from 27.2% in the preceding week, 47.1% of investors were long GBP/USD, compared to 45.6% a week earlier, while 47.5% of investors were long USD/CHF, down slightly from 48.6% in the previous week.
Amongst the commodity-linked currencies, 42.2% were long USD/CAD, falling from 45.8% a week earlier, 41.3% held long positions in AUD/USD, compared to 44.7% in the preceding week, while 41.2% were long NZD/USD, inching down from 41.6% a week earlier.
The report also showed that 38.4% of investors were long the S&P 500, falling from 41.1% a week earlier.
Elsewhere, 50.9% of market participants held long positions in gold futures last week, compared to 53.9% 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.