AUD/JPY IG Client Sentiment: 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.
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: 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.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.