Forexrobots24

forex advisor developer

USD/JPY IG Client Sentiment: Our data shows traders are now net-short USD/JPY for the first time since Jan 27, 2020 15:00 GMT when USD/JPY traded near 108.93.

USD/JPY Client Positioning

Number of traders net-short has increased by 1.00% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

USD/JPY

BULLISH

48.83%

51.17%

-4.91% Daily

-14.93% Weekly

16.17% Daily

1.00% Weekly

4.82% Daily

-7.46% Weekly

USD/JPY: Retail trader data shows 48.83% of traders are net-long with the ratio of traders short to long at 1.05 to 1. In fact, traders have remained net-short since Jan 27 when USD/JPY traded near 108.93, price has moved 0.84% higher since then. The number of traders net-long is 4.91% lower than yesterday and 14.93% lower from last week, while the number of traders net-short is 16.17% higher than yesterday and 1.00% 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 Jan 27, 2020 15:00 GMT when USD/JPY traded near 108.93. 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.