Number of traders net-short has increased by 21.11% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BULLISH |
49.67% |
50.33% |
-12.11%
-26.19% |
1.50%
21.11% |
-5.75%
-8.13% |
USD/JPY: Retail trader data shows 49.67% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since Jul 07 when USD/JPY traded near 107.55, price has moved 1.32% lower since then. The number of traders net-long is 12.11% lower than yesterday and 26.19% lower from last week, while the number of traders net-short is 1.50% higher than yesterday and 21.11% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USD/JPY prices may continue to rise.
Our data shows traders are now net-short USD/JPY for the first time since Jul 07, 2020 when USD/JPY traded near 107.55. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bullish contrarian trading bias.
