Number of traders net-short has decreased by 31.78% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS
Number of traders net-short has decreased by 31.78% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
AUD/JPY |
BEARISH |
51.65% |
48.35% |
8.86%
18.62% |
0.62%
-31.78% |
4.72%
-12.60% |
AUD/JPY: Retail trader data shows 51.65% of traders are net-long with the ratio of traders long to short at 1.07 to 1. In fact, traders have remained net-long since Sep 28 when AUD/JPY traded near 80.77, price has moved 0.56% higher since then. The number of traders net-long is 8.86% higher than yesterday and 18.62% higher from last week, while the number of traders net-short is 0.62% higher than yesterday and 31.78% 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 Sep 28, 2021 when AUD/JPY traded near 80.77. 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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