00 GMT when EUR/JPY traded near 120.68.

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EUR/JPY Client Positioning

Number of traders net-short has increased by 10.33% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


EUR/JPY

BEARISH

54.81%

45.19%

50.00%
Daily

25.00%
Weekly

-11.99%
Daily

10.33%
Weekly

13.79%
Daily

17.91%
Weekly

EUR/JPY: Retail trader data shows 54.81% of traders are net-long with the ratio of traders long to short at 1.21 to 1. In fact, traders have remained net-long since Mar 25 when EUR/JPY traded near 120.68, price has moved 3.05% lower since then. The number of traders net-long is 50.00% higher than yesterday and 25.00% higher from last week, while the number of traders net-short is 11.99% lower than yesterday and 10.33% higher 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 25, 2020 17:00 GMT when EUR/JPY traded near 120.68. 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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