AUD/JPY IG Client Sentiment: Our data shows traders are now net-short AUD/JPY for the first time since Apr 23, 2019 when AUD/JPY traded near 79.31.
Number of traders net-short has increased by 19.92% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
AUD/JPY: Retail trader data shows 48.77% of traders are net-long with the ratio of traders short to long at 1.05 to 1. In fact, traders have remained net-short since Apr 23 when AUD/JPY traded near 79.31, price has moved 5.98% lower since then. The number of traders net-long is 7.74% lower than yesterday and 5.70% lower from last week, while the number of traders net-short is 13.82% higher than yesterday and 19.92% higher from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests AUD/JPY prices may continue to rise. Our data shows traders are now net-short AUD/JPY for the first time since Apr 23, 2019 when AUD/JPY traded near 79.31. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/JPY-bullish contrarian trading bias.
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