Forexrobots24

forex advisor developer

USD/JPY IG Client Sentiment: Our data shows traders are now net-short USD/JPY for the first time since Sep 10, 2020 when USD/JPY traded near 106.17.

USD/JPY Client Positioning

Number of traders net-short has increased by 32.16% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

USD/JPY

BULLISH

49.06%

50.94%

3.54% Daily

-18.98% Weekly

15.01% Daily

32.16% Weekly

9.08% Daily

0.91% Weekly

USD/JPY: Retail trader data shows 49.06% of traders are net-long with the ratio of traders short to long at 1.04 to 1. In fact, traders have remained net-short since Sep 10 when USD/JPY traded near 106.17, price has moved 0.48% lower since then. The number of traders net-long is 3.54% higher than yesterday and 18.98% lower from last week, while the number of traders net-short is 15.01% higher than yesterday and 32.16% higher from last week.

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

Our data shows traders are now net-short USD/JPY for the first time since Sep 10, 2020 when USD/JPY traded near 106.17. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bullish contrarian trading bias.