Our data shows traders are now at their least net-long USD/JPY since Oct 20 when USD/JPY traded near 150.11.
Number of traders net-short has increased by 0.38% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| USD/JPY | BULLISH | 12.43% | 87.57% |
-40.95% Daily -41.87% Weekly |
-4.01% Daily 0.38% Weekly |
-10.94% Daily -7.94% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -31% | -3% | -8% |
| Weekly | -32% | 1% | -6% |
USD/JPY: Retail trader data shows 12.43% of traders are net-long with the ratio of traders short to long at 7.04 to 1. Our data shows traders are now at their least net-long USD/JPY since Oct 20 when USD/JPY traded near 150.11. The number of traders net-long is 40.95% lower than yesterday and 41.87% lower from last week, while the number of traders net-short is 4.01% lower than yesterday and 0.38% 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.
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.
Comments are closed.