USD/JPY Client Positioning

Number of traders net-short has increased by 12.35% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


USD/JPY

BULLISH

49.57%

50.43%

2.49%
Daily

-12.29%
Weekly

15.27%
Daily

12.35%
Weekly

8.56%
Daily

-1.38%
Weekly

USD/JPY: Retail trader data shows 49.57% of traders are net-long with the ratio of traders short to long at 1.02 to 1. In fact, traders have remained net-short since Jun 04 when USD/JPY traded near 109.52, price has moved 0.48% higher since then. The number of traders net-long is 2.49% higher than yesterday and 12.29% lower from last week, while the number of traders net-short is 15.27% higher than yesterday and 12.35% 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 Jun 04, 2021 when USD/JPY traded near 109.52. 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.

Advertisement

Source

Share this now: