Forexrobots24

forex advisor developer

USD/JPY IG Client Sentiment: Our data shows traders are now at their most net-long USD/JPY since Mar 08 when USD/JPY traded near 103.93.

USD/JPY Client Positioning

Number of traders net-short has decreased by 40.10% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

USD/JPY

BEARISH

78.11%

21.89%

8.97% Daily

70.11% Weekly

-26.32% Daily

-40.10% Weekly

-1.37% Daily

21.28% Weekly

USD/JPY: Retail trader data shows 78.11% of traders are net-long with the ratio of traders long to short at 3.57 to 1. Our data shows traders are now at their most net-long USD/JPY since Mar 08 when USD/JPY traded near 103.93. The number of traders net-long is 8.97% higher than yesterday and 70.11% higher from last week, while the number of traders net-short is 26.32% lower than yesterday and 40.10% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USD/JPY prices may continue to fall.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bearish contrarian trading bias.