Number of traders net-short has decreased by 22.63% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS
Number of traders net-short has decreased by 22.63% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
AUD/JPY |
BEARISH |
50.12% |
49.88% |
10.36%
24.56% |
5.47%
-22.63% |
7.87%
-4.49% |
AUD/JPY: Retail trader data shows 50.12% of traders are net-long with the ratio of traders long to short at 1.00 to 1. In fact, traders have remained net-long since Aug 26 when AUD/JPY traded near 79.70, price has moved 0.42% lower since then. The number of traders net-long is 10.36% higher than yesterday and 24.56% higher from last week, while the number of traders net-short is 5.47% higher than yesterday and 22.63% 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.
Our data shows traders are now net-long AUD/JPY for the first time since Aug 26, 2021 when AUD/JPY traded near 79.70. 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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