We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Mixed
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Bearish
More View more
Real Time News
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.26% US 500: 0.26% Germany 30: -0.01% France 40: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/svIjzlLJBu
  • We are a few pips away from seeing a $EURUSD close above or below Friday's end. As of Friday, 9 of the past 10 trading days were lower. An extreme with some interesting pedigree: https://t.co/qxYhbzZuVZ
  • RT @EUCouncilPress: #Eurogroup is over! Watch the press conference with @mariofcenteno, @PaoloGentiloni and @ESM_Press Regling LIVE at +/…
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.87%, while traders in USD/CAD are at opposite extremes with 83.13%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/54YP4FM9nw
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Silver: 0.30% Oil - US Crude: 0.18% Gold: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/TmyP5d1RBD
  • Here is the MSCI's World Equities ETF overlaid with the aggregate stimulus from the Fed, ECB, BOE and BOJ. That stimulus is level out despite a rise from 3 of those 4, largely due to rising US Dollar (the pricing currency here) https://t.co/GlxkPs4xZN
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.16% 🇨🇭CHF: 0.11% 🇳🇿NZD: 0.10% 🇪🇺EUR: 0.07% 🇯🇵JPY: -0.12% 🇬🇧GBP: -0.27% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/COoUBRv8Z5
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: US 500: 0.28% Wall Street: 0.27% Germany 30: 0.01% France 40: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/fbpBesDErN
  • Contrary to standard belief, greed and profits are often inversely correlated in trading. Remaining disciplined is key to a successful trading strategy. Learn how to control greed when trading here: https://t.co/RvxpJotFf9 https://t.co/87FHc0QKOo
  • At the Eurogroup's meeting today, the coronavirus was mentioned as a temporary curb to growth
Japanese Yen Shows Strong Bullish Contrarian Bias

Japanese Yen Shows Strong Bullish Contrarian Bias

2017-10-24 18:00:00
Dylan Jusino,
Share:
Japanese Yen Shows Strong Bullish Contrarian Bias

USDJPY: Retail trader data shows 46.2% of traders are net-long with the ratio of traders short to long at 1.17 to 1. The number of traders net-long is 4.3% lower than yesterday and 6.8% lower from last week, while the number of traders net-short is 11.0% higher than yesterday and 14.8% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USDJPY 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 USDJPY-bullish contrarian trading bias.

--- Written by Dylan Jusino, DailyFX Research

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.