Number of traders net-short has decreased by 10.68% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
EUR/JPY: Retail trader data shows 47.95% of traders are net-long with the ratio of traders short to long at 1.09 to 1. In fact, traders have remained net-short since Jul 15 when EUR/JPY traded near 129.73, price has moved 0.16% higher since then. The number of traders net-long is 15.73% lower than yesterday and 22.55% lower from last week, while the number of traders net-short is 8.20% higher than yesterday and 10.68% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/JPY prices may continue to rise.
Our data shows traders are now net-short EUR/JPY for the first time since Jul 15, 2021 10:00 GMT when EUR/JPY traded near 129.73. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bullish contrarian trading bias.