Our data shows traders are now at their least net-long USD/JPY since Mar 18 when USD/JPY traded near 108.93.


Number of traders net-short has increased by 42.79% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


USD/JPY

BULLISH

32.95%

67.05%

-23.00%
Daily

-21.11%
Weekly

30.97%
Daily

42.79%
Weekly

6.40%
Daily

12.71%
Weekly

USD/JPY: Retail trader data shows 32.95% of traders are net-long with the ratio of traders short to long at 2.04 to 1. Our data shows traders are now at their least net-long USD/JPY since Mar 18 when USD/JPY traded near 108.93. The number of traders net-long is 23.00% lower than yesterday and 21.11% lower from last week, while the number of traders net-short is 30.97% higher than yesterday and 42.79% 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.



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