Number of traders net-short has decreased by 18.75% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
51.85% |
48.15% |
52.17%
33.33% |
-2.99%
-18.75% |
19.47%
1.89% |
AUD/JPY: Retail trader data shows 51.85% of traders are net-long with the ratio of traders long to short at 1.08 to 1. In fact, traders have remained net-long since Apr 30 when AUD/JPY traded near 69.57, price has moved 8.26% higher since then. The number of traders net-long is 52.17% higher than yesterday and 33.33% higher from last week, while the number of traders net-short is 2.99% lower than yesterday and 18.75% 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 Apr 30, 2020 when AUD/JPY traded near 69.57. 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.
