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Number of traders net-short has decreased by 7.74% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| USD/JPY | BEARISH | 50.02% | 49.98% |
6.62% Daily 6.40% Weekly |
-6.72% Daily -7.74% Weekly |
-0.49% Daily -1.17% Weekly |
USD/JPY: Retail trader data shows 50.02% 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 Nov 14 when USD/JPY traded near 140.09, price has moved 3.23% lower since then. The number of traders net-long is 6.62% higher than yesterday and 6.40% higher from last week, while the number of traders net-short is 6.72% lower than yesterday and 7.74% 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 Nov 14, 2022 when USD/JPY traded near 140.09. 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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