Number of traders net-short has increased by 37.31% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| AUD/JPY | BULLISH | 16.78% | 83.22% |
-13.25% Daily -22.58% Weekly |
2.59% Daily 37.31% Weekly |
-0.46% Daily 21.53% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -10% | 4% | 2% |
| Weekly | -24% | 43% | 25% |
AUD/JPY: Retail trader data shows 16.78% of traders are net-long with the ratio of traders short to long at 4.96 to 1. Our data shows traders are now at their least net-long AUD/JPY since Jun 19 when AUD/JPY traded near 97.22. The number of traders net-long is 13.25% lower than yesterday and 22.58% lower from last week, while the number of traders net-short is 2.59% higher than yesterday and 37.31% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests AUD/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 AUD/JPY-bullish contrarian trading bias.
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