Number of traders net-short has decreased by 36.05% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| AUD/JPY | BEARISH | 50.60% | 49.40% |
65.69% Daily 35.20% Weekly |
-12.23% Daily -36.05% Weekly |
15.17% Daily -12.79% Weekly |
AUD/JPY: Retail trader data shows 50.60% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Dec 21 when AUD/JPY traded near 88.86, price has moved 0.20% lower since then. The number of traders net-long is 65.69% higher than yesterday and 35.20% higher from last week, while the number of traders net-short is 12.23% lower than yesterday and 36.05% 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 Dec 21, 2022 when AUD/JPY traded near 88.86. 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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