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EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Oct 07, 2021 when EUR/JPY traded near 129.00.

EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Oct 07, 2021 when EUR/JPY traded near 129.00.

Research, Research Team
EUR/JPY Client Positioning

Number of traders net-short has decreased by 22.22% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

EUR/JPY

BEARISH

50.66%

49.34%

20.63% Daily

50.66% Weekly

-9.19% Daily

-22.22% Weekly

3.81% Daily

3.03% Weekly

EUR/JPY: Retail trader data shows 50.66% 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 Oct 07 when EUR/JPY traded near 129.00, price has moved 1.60% higher since then. The number of traders net-long is 20.63% higher than yesterday and 50.66% higher from last week, while the number of traders net-short is 9.19% lower than yesterday and 22.22% 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 Oct 07, 2021 when EUR/JPY traded near 129.00. 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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