Number of traders net-short has decreased by 14.10% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| USD/JPY | BEARISH | 52.65% | 47.35% |
8.02% Daily 20.66% Weekly |
-14.76% Daily -14.10% Weekly |
-4.12% Daily 1.26% Weekly |
USD/JPY: Retail trader data shows 52.65% of traders are net-long with the ratio of traders long to short at 1.11 to 1. In fact, traders have remained net-long since Jan 04 when USD/JPY traded near 132.24, price has moved 1.46% lower since then. The number of traders net-long is 8.02% higher than yesterday and 20.66% higher from last week, while the number of traders net-short is 14.76% lower than yesterday and 14.10% 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 Jan 04, 2023 15:00 GMT when USD/JPY traded near 132.24. 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.
element inside the
element. This is probably not what you meant to do!Load your application’s JavaScript bundle inside the element instead.
www.dailyfx.com