Our data shows traders are now net-long AUD/JPY for the first time since Oct 01, 2020 when AUD/JPY traded near 75.83.

0

AUD/JPY Client Positioning

Number of traders net-short has decreased by 37.60% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


AUD/JPY

BEARISH

50.53%

49.47%

5.75%
Daily

51.27%
Weekly

-5.26%
Daily

-37.60%
Weekly

0.00%
Daily

-11.26%
Weekly

AUD/JPY: Retail trader data shows 50.53% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Oct 01 when AUD/JPY traded near 75.83, price has moved 1.42% lower since then. The number of traders net-long is 5.75% higher than yesterday and 51.27% higher from last week, while the number of traders net-short is 5.26% lower than yesterday and 37.60% lower from last week.

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

Our data shows traders are now net-long AUD/JPY for the first time since Oct 01, 2020 when AUD/JPY traded near 75.83. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/JPY-bearish contrarian trading bias.

Source link