Number of traders net-short has decreased by 36.12% from final week.
|SYMBOL||TRADING BIAS||NET-LONG%||NET-SHORT%||CHANGE IN LONGS||CHANGE IN SHORTS||CHANGE IN OI|
USD/JPY: Retail dealer data shows 50.07% of traders are net-long with the ratio of traders lengthy to brief at 1.00 to 1. In truth, traders have remained net-long since Jan 26 when USD/JPY traded near 114.72, value has moved 21.53% larger since then. The variety of traders net-long is 12.74% larger than yesterday and 23.24% larger from final week, whereas the variety of traders net-short is 4.42% larger than yesterday and 36.12% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the truth traders are net-long suggests USD/JPY costs could proceed to fall.
Our data shows traders are now net-long USD/JPY for the first time since Jan 26, 2022 when USD/JPY traded near 114.72. 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 USD/JPY-bearish contrarian buying and selling bias.