Number of traders net-short has increased by 46.46% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
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.