Our data shows traders are now net-long AUD/JPY for the first time since Apr 13, 2023 when AUD/JPY traded near 89.93.
Number of traders net-short has decreased by 8.85% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| AUD/JPY | BEARISH | 50.42% | 49.58% |
8.54% Daily 28.99% Weekly |
-7.41% Daily -8.85% Weekly |
0.00% Daily 6.97% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 5% | 15% | 10% |
| Weekly | 2% | 15% | 9% |
AUD/JPY: Retail trader data shows 50.42% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Apr 13 when AUD/JPY traded near 89.93, price has moved 0.61% higher since then. The number of traders net-long is 8.54% higher than yesterday and 28.99% higher from last week, while the number of traders net-short is 7.41% lower than yesterday and 8.85% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests AUD/JPY prices may continue to fall.
Our data shows traders are now net-long AUD/JPY for the first time since Apr 13, 2023 when AUD/JPY traded near 89.93. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/JPY-bearish contrarian trading bias.
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