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.

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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


USD/JPY

BULLISH

49.82%

50.18%

-5.85%
Daily

-23.96%
Weekly

6.57%
Daily

13.12%
Weekly

0.00%
Daily

-8.99%
Weekly

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.





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