Number of traders net-short has increased by 0.04% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| USD/JPY | BULLISH | 12.32% | 87.68% | -27.42% Daily -13.62% Weekly | 9.95% Daily 0.04% Weekly | 3.39% Daily -1.87% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 15% | 1% | 5% |
| Weekly | 55% | -22% | -5% |
USD/JPY: Retail trader data shows 12.32% of traders are net-long with the ratio of traders short to long at 7.11 to 1. Our data shows traders are now at their least net-long USD/JPY since Oct 03 when USD/JPY traded near 149.10. The number of traders net-long is 27.42% lower than yesterday and 13.62% lower from last week, while the number of traders net-short is 9.95% higher than yesterday and 0.04% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USD/JPY prices may continue to rise.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bullish contrarian trading bias.
