Number of traders net-short has decreased by 19.66% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/JPY | BEARISH | 50.31% | 49.69% |
28.34% Daily 52.87% Weekly |
-9.20% Daily -19.66% Weekly |
6.47% Daily 5.53% Weekly |
EUR/JPY: Retail trader data shows 50.31% of traders are net-long with the ratio of traders long to short at 1.01 to 1. In fact, traders have remained net-long since Aug 02 when EUR/JPY traded near 135.17, price has moved 2.12% higher since then. The number of traders net-long is 28.34% higher than yesterday and 52.87% higher from last week, while the number of traders net-short is 9.20% lower than yesterday and 19.66% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/JPY prices may continue to fall.
Our data shows traders are now net-long EUR/JPY for the first time since Aug 02, 2022 when EUR/JPY traded near 135.17. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.
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