Our data shows traders are now net-long EUR/JPY for the first time since Jul 10, 2020 when EUR/JPY traded near 120.79.

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EUR/JPY Client Positioning

Number of traders net-short has decreased by 25.87% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


EUR/JPY

BEARISH

50.88%

49.12%

50.20%
Daily

37.50%
Weekly

-3.99%
Daily

-25.87%
Weekly

17.60%
Daily

-3.16%
Weekly

EUR/JPY: Retail trader data shows 50.88% of traders are net-long with the ratio of traders long to short at 1.04 to 1. In fact, traders have remained net-long since Jul 10 when EUR/JPY traded near 120.79, price has moved 3.35% higher since then. The number of traders net-long is 50.20% higher than yesterday and 37.50% higher from last week, while the number of traders net-short is 3.99% lower than yesterday and 25.87% 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 Jul 10, 2020 when EUR/JPY traded near 120.79. 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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