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 |
|
BEARISH |
50.76% |
49.24% |
5.96%
39.81% |
-25.06%
-32.80% |
-11.98%
-8.74% |
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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