Forexrobots24

forex advisor developer

USD/JPY IG Client Sentiment: Our data shows traders are now at their least net-long USD/JPY since Apr 12 when USD/JPY traded near 111.99.

USD/JPY Client Positioning

Number of traders net-short has increased by 166.67% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

USD/JPY

BULLISH

28.97%

71.03%

-9.72% Daily

-29.07% Weekly

32.74% Daily

166.67% Weekly

16.82% Daily

48.18% Weekly

USD/JPY: Retail trader data shows 28.97% of traders are net-long with the ratio of traders short to long at 2.45 to 1. Our data shows traders are now at their least net-long USD/JPY since Apr 12 when USD/JPY traded near 111.99. The number of traders net-long is 9.72% lower than yesterday and 29.07% lower from last week, while the number of traders net-short is 32.74% higher than yesterday and 166.67% 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.

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.