Number of traders net-short has increased by 37.99% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
AUD/JPY: Retail trader data shows 34.52% of traders are net-long with the ratio of traders short to long at 1.90 to 1. Our data shows traders are now at their least net-long AUD/JPY since Apr 22 when AUD/JPY traded near 68.08. The number of traders net-long is 6.02% lower than yesterday and 0.98% lower from last week, while the number of traders net-short is 38.99% higher than yesterday and 37.99% 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.
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.