Number of traders net-short has decreased by 32.65% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
50.00% |
50.00% |
5.38%
53.73% |
-14.78%
-32.65% |
-5.77%
-6.33% |
EUR/JPY: Retail trader data shows 50.00% 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 Oct 01 when EUR/JPY traded near 123.97, price has moved 0.67% lower since then. The number of traders net-long is 5.38% higher than yesterday and 53.73% higher from last week, while the number of traders net-short is 14.78% lower than yesterday and 32.65% 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 01, 2020 when EUR/JPY traded near 123.97. 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.
