Number of traders net-short has increased by 39.30% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
AUD/JPY: Retail trader data shows 46.77% of traders are net-long with the ratio of traders short to long at 1.14 to 1. In fact, traders have remained net-short since Apr 05 when AUD/JPY traded near 65.12, price has moved 4.36% higher since then. The number of traders net-long is 13.38% lower than yesterday and 11.51% lower from last week, while the number of traders net-short is 37.25% higher than yesterday and 39.30% 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 Apr 05, 2020 23:00 GMT when AUD/JPY traded near 65.12. 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.