Number of traders net-short has decreased by 49.90% from last week.
|SYMBOL||TRADING BIAS||NET-LONG%||NET-SHORT%||CHANGE IN LONGS||CHANGE IN SHORTS||CHANGE IN OI|
of clients are net long.
of clients are net short.
EUR/JPY: Retail trader data shows 53.11% of traders are net-long with the ratio of traders long to short at 1.13 to 1. In fact, traders have remained net-long since Jan 04 when EUR/JPY traded near 140.27, price has moved 0.14% higher since then. Our data shows traders are now at their most net-long EUR/JPY since Jan 04 when EUR/JPY traded near 140.27. The number of traders net-long is 74.70% higher than yesterday and 34.26% higher from last week, while the number of traders net-short is 36.32% lower than yesterday and 49.90% 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 Jan 04, 2023 when EUR/JPY traded near 140.27. 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.