Number of traders net-short has increased by 30.41% 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.
AUD/JPY: Retail trader data shows 49.34% of traders are net-long with the ratio of traders short to long at 1.03 to 1. In fact, traders have remained net-short since Mar 09 when AUD/JPY traded near 89.84, price has moved 1.99% lower since then. The number of traders net-long is 8.29% lower than yesterday and 12.96% lower from last week, while the number of traders net-short is 20.62% higher than yesterday and 30.41% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests AUD/JPY prices may continue to rise.
Our data shows traders are now net-short AUD/JPY for the first time since Mar 09, 2023 when AUD/JPY traded near 89.84. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/JPY-bullish contrarian trading bias.