Number of traders net-short has increased by 30.41% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| AUD/JPY | BULLISH | 49.34% | 50.66% |
-8.29% Daily -12.96% Weekly |
20.62% Daily 30.41% Weekly |
4.38% Daily 4.67% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -7% | 23% | 6% |
| Weekly | -10% | 19% | 3% |
AUD/JPY: Retail trader data shows 49.34% of traders are net-long with the ratio of traders short to long at 1.03 to 1. In fact, traders have remained net-short since Mar 09 when AUD/JPY traded near 89.84, price has moved 1.99% lower since then. The number of traders net-long is 8.29% lower than yesterday and 12.96% lower from last week, while the number of traders net-short is 20.62% higher than yesterday and 30.41% 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.
Our data shows traders are now net-short AUD/JPY for the first time since Mar 09, 2023 when AUD/JPY traded near 89.84. 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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