USD/JPY IG Client Sentiment: Our data shows traders are now net-long USD/JPY for the first time since Mar 27, 2023 when USD/JPY traded near 131.67.

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USD/JPY Client Positioning

Number of traders net-short has decreased by 19.92% from last week.

SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI
USD/JPY BEARISH 50.09% 49.91%

11.28% Daily

27.09% Weekly

-4.96% Daily

-19.92% Weekly

2.54% Daily

-1.71% Weekly




of clients are net long.




of clients are net short.

Change in Longs Shorts OI
Daily 11% -5% 3%
Weekly 27% -20% -2%

USD/JPY: Retail trader data shows 50.09% of traders are net-long with the ratio of traders long to short at 1.00 to 1. In fact, traders have remained net-long since Mar 27 when USD/JPY traded near 131.67, price has moved 4.95% higher since then. The number of traders net-long is 11.28% higher than yesterday and 27.09% higher from last week, while the number of traders net-short is 4.96% lower than yesterday and 19.92% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USD/JPY prices may continue to fall.

Our data shows traders are now net-long USD/JPY for the first time since Mar 27, 2023 when USD/JPY traded near 131.67. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bearish contrarian trading bias.



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