Number of traders net-short has increased by 0.38% from last week.
|SYMBOL||TRADING BIAS||NET-LONG%||NET-SHORT%||CHANGE IN LONGS||CHANGE IN SHORTS||CHANGE IN OI|
of clients are net long.
of clients are net short.
USD/JPY: Retail trader data shows 12.43% of traders are net-long with the ratio of traders short to long at 7.04 to 1. Our data shows traders are now at their least net-long USD/JPY since Oct 20 when USD/JPY traded near 150.11. The number of traders net-long is 40.95% lower than yesterday and 41.87% lower from last week, while the number of traders net-short is 4.01% lower than yesterday and 0.38% 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.
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.