Number of traders net-short has increased by 93.07% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
AUD/JPY | BULLISH | 47.30% | 52.70% | -1.69% Daily -23.91% Weekly | 83.96% Daily 93.07% Weekly | 30.28% Daily 11.78% Weekly |
AUD/JPY: Retail trader data shows 47.30% of traders are net-long with the ratio of traders short to long at 1.11 to 1. In fact, traders have remained net-short since Jan 22 when AUD/JPY traded near 75.07, price has moved 15.37% lower since then. The number of traders net-long is 1.69% lower than yesterday and 23.91% lower from last week, while the number of traders net-short is 83.96% higher than yesterday and 93.07% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests AUD/JPY prices may continue to rise.
Our data shows traders are now net-short AUD/JPY for the first time since Jan 22, 2020 when AUD/JPY traded near 75.07. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/JPY-bullish contrarian trading bias.
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