Forexrobots24

forex advisor developer

AUD/JPY IG Client Sentiment: Our data shows traders are now at their least net-long AUD/JPY since May 12 when AUD/JPY traded near 69.46.

AUD/JPY Client Positioning

Number of traders net-short has increased by 46.46% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

AUD/JPY

BULLISH

28.10%

71.90%

-11.92% Daily

-13.71% Weekly

45.48% Daily

46.46% Weekly

22.97% Daily

22.47% Weekly

AUD/JPY: Retail trader data shows 28.10% of traders are net-long with the ratio of traders short to long at 2.56 to 1. Our data shows traders are now at their least net-long AUD/JPY since May 12 when AUD/JPY traded near 69.46. The number of traders net-long is 11.92% lower than yesterday and 13.71% lower from last week, while the number of traders net-short is 45.48% higher than yesterday and 46.46% 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.