EUR/JPY Client Positioning

Number of traders net-short has decreased by 26.49% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


EUR/JPY

BEARISH

50.00%

50.00%

6.05%
Daily

11.74%
Weekly

-13.51%
Daily

-26.49%
Weekly

-4.72%
Daily

-11.32%
Weekly

EUR/JPY: Retail trader data shows 50.00% of traders are net-long with the ratio of traders long to short at 1.00 to 1. In fact, traders have remained net-long since Jun 22 when EUR/JPY traded near 132.10, price has moved 0.93% lower since then. The number of traders net-long is 6.05% higher than yesterday and 11.74% higher from last week, while the number of traders net-short is 13.51% lower than yesterday and 26.49% lower from last week.

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

Our data shows traders are now net-long EUR/JPY for the first time since Jun 22, 2021 when EUR/JPY traded near 132.10. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.

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