Number of traders net-short has decreased by 32.80% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/JPY |
BEARISH |
50.76% |
49.24% |
5.96%
39.81% |
-25.06%
-32.80% |
-11.98%
-8.74% |
EUR/JPY: Retail dealer data shows 50.76% of traders are net-long with the ratio of traders lengthy to brief at 1.03 to 1. In reality, traders have remained net-long since Mar 09 when EUR/JPY traded near 128.34, worth has moved 5.14% increased since then. The variety of traders net-long is 5.96% increased than yesterday and 39.81% increased from final week, whereas the variety of traders net-short is 25.06% decrease than yesterday and 32.80% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the reality traders are net-long suggests EUR/JPY costs could proceed to fall.
Our data shows traders are now net-long EUR/JPY for the first time since Mar 09, 2022 when EUR/JPY traded near 128.34. Traders are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date modifications offers us a stronger EUR/JPY-bearish contrarian buying and selling bias.