Home Forex Our data shows traders are now net-long USD/JPY for the first time since Mar 02, 2021 when USD/JPY traded near 106.76.

Our data shows traders are now net-long USD/JPY for the first time since Mar 02, 2021 when USD/JPY traded near 106.76.

by admin


Number of traders net-short has decreased by 5.50% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


USD/JPY

BEARISH

50.67%

49.33%

11.88%
Daily

18.26%
Weekly

-10.53%
Daily

-5.50%
Weekly

-0.43%
Daily

5.21%
Weekly

USD/JPY: Retail trader data shows 50.67% of traders are net-long with the ratio of traders long to short at 1.03 to 1. In fact, traders have remained net-long since Mar 02 when USD/JPY traded near 106.76, price has moved 2.01% higher since then. The number of traders net-long is 11.88% higher than yesterday and 18.26% higher from last week, while the number of traders net-short is 10.53% lower than yesterday and 5.50% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USD/JPY prices may continue to fall.

Our data shows traders are now net-long USD/JPY for the first time since Mar 02, 2021 when USD/JPY traded near 106.76. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bearish contrarian trading bias.



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