Number of traders net-short has decreased by 27.35% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| AUD/JPY | BEARISH | 52.41% | 47.59% |
16.67% Daily 25.64% Weekly |
-20.18% Daily -27.35% Weekly |
-4.35% Daily -6.73% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 13% | -25% | -8% |
| Weekly | 28% | -31% | -6% |
AUD/JPY: Retail trader data shows 52.41% of traders are net-long with the ratio of traders long to short at 1.10 to 1. Our data shows traders are now at their most net-long AUD/JPY since Sep 13 when AUD/JPY traded near 94.60. The number of traders net-long is 16.67% higher than yesterday and 25.64% higher from last week, while the number of traders net-short is 20.18% lower than yesterday and 27.35% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests AUD/JPY prices may continue to fall.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/JPY-bearish contrarian trading bias.
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