Number of traders net-short has decreased by 22.22% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS
Number of traders net-short has decreased by 22.22% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/JPY |
BEARISH |
50.66% |
49.34% |
20.63%
50.66% |
-9.19%
-22.22% |
3.81%
3.03% |
EUR/JPY: Retail trader data shows 50.66% of traders are net-long with the ratio of traders long to short at 1.03 to 1. In fact, traders have remained net-long since Oct 07 when EUR/JPY traded near 129.00, price has moved 1.60% higher since then. The number of traders net-long is 20.63% higher than yesterday and 50.66% higher from last week, while the number of traders net-short is 9.19% lower than yesterday and 22.22% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/JPY prices may continue to fall.
Our data shows traders are now net-long EUR/JPY for the first time since Oct 07, 2021 when EUR/JPY traded near 129.00. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.
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