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EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Sep 23, 2021 when EUR/JPY traded near 129.49.

EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Sep 23, 2021 when EUR/JPY traded near 129.49.

Research, Research Team
EUR/JPY Client Positioning

Number of traders net-short has decreased by 25.19% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

EUR/JPY

BEARISH

51.86%

48.14%

19.40% Daily

16.36% Weekly

-1.66% Daily

-25.19% Weekly

8.25% Daily

-8.18% Weekly

EUR/JPY: Retail trader data shows 51.86% of traders are net-long with the ratio of traders long to short at 1.08 to 1. In fact, traders have remained net-long since Sep 23 when EUR/JPY traded near 129.49, price has moved 0.22% lower since then. The number of traders net-long is 19.40% higher than yesterday and 16.36% higher from last week, while the number of traders net-short is 1.66% lower than yesterday and 25.19% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/JPY prices may continue to fall.

Our data shows traders are now net-long EUR/JPY for the first time since Sep 23, 2021 when EUR/JPY traded near 129.49. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.

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