Skip to Content
News & Analysis at your fingertips.

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. See our updated Privacy Policy here.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
USD/JPY: Net-Long Positions Trend Below 50% Prompting Bullish Signal

USD/JPY: Net-Long Positions Trend Below 50% Prompting Bullish Signal

Jake Schoenleb, Contributor

Share:

What's on this page
USDJPY

Net-Long Positions Continue To Trend Lower

USDJPY: Retail trader data shows 46.1% 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 2.2% lower than yesterday and 5.2% lower from last week, while the number of traders net-short is 0.1% higher than yesterday and 9.7% higher from last week.

To gain more insight to how we use sentiment to power our trading, join us for our weekly Trading Sentiment webinar.

USD/JPY Sentiment Shifts to Bullish Bias

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 Jake Schoenleb, DailyFX Research

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

DISCLOSURES