Number of traders net-short has increased by 9.13% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| AUD/JPY | BEARISH | 50.65% | 49.35% | 15.92% Daily 22.63% Weekly | -2.58% Daily 9.13% Weekly | 5.99% Daily 15.58% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -9% | -1% | -4% |
| Weekly | -7% | 4% | 1% |
AUD/JPY: Retail trader data shows 50.65% of traders are net-long with the ratio of traders long to short at 1.03 to 1. In fact, traders have remained net-long since Sep 05 when AUD/JPY traded near 94.15, price has moved 0.24% higher since then. The number of traders net-long is 15.92% higher than yesterday and 22.63% higher from last week, while the number of traders net-short is 2.58% lower than yesterday and 9.13% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests AUD/JPY prices may continue to fall.
Our data shows traders are now net-long AUD/JPY for the first time since Sep 05, 2023 18:00 GMT when AUD/JPY traded near 94.15. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/JPY-bearish contrarian trading bias.
