USD/JPY IG Client Sentiment: Our data shows traders are now net-short USD/JPY for the first time since Aug 16, 2021 04:00 GMT when USD/JPY traded near 109.25.
Number of traders net-short has increased by 13.12% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BULLISH |
49.82% |
50.18% |
-5.85%
-23.96% |
6.57%
13.12% |
0.00%
-8.99% |
USD/JPY: Retail trader data shows 49.82% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since Aug 16 when USD/JPY traded near 109.25, price has moved 0.41% higher since then. The number of traders net-long is 5.85% lower than yesterday and 23.96% lower from last week, while the number of traders net-short is 6.57% higher than yesterday and 13.12% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USD/JPY prices may continue to rise.
Our data shows traders are now net-short USD/JPY for the first time since Aug 16, 2021 04:00 GMT when USD/JPY traded near 109.25. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bullish contrarian trading bias.