EUR/JPY Client Positioning

Number of traders net-short has decreased by 32.80% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


EUR/JPY

BEARISH

50.76%

49.24%

5.96%
Daily

39.81%
Weekly

-25.06%
Daily

-32.80%
Weekly

-11.98%
Daily

-8.74%
Weekly

EUR/JPY: Retail trader data shows 50.76% of traders are net-long with the ratio of traders long to short at 1.03 to 1. In fact, traders have remained net-long since Mar 09 when EUR/JPY traded near 128.34, price has moved 5.14% higher since then. The number of traders net-long is 5.96% higher than yesterday and 39.81% higher from last week, while the number of traders net-short is 25.06% lower than yesterday and 32.80% 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 Mar 09, 2022 when EUR/JPY traded near 128.34. 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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