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: A 23% Increase in Daily Long Positions Prompt A Bearish Bias

USD/JPY: A 23% Increase in Daily Long Positions Prompt A Bearish Bias

Jake Schoenleb, Contributor

Share:

What's on this page
USD/JPY Retail Trader Sentiment

Only 38% of Retail Traders are Net-Long

USDJPY: Retail trader data shows 38.2% of traders are net-long with the ratio of traders short to long at 1.62 to 1. In fact, traders have remained net-short since Sep 13 when USDJPY traded near 111.133; price has moved 1.8% higher since then. The number of traders net-long is 23.3% higher than yesterday and 14.3% higher from last week, while the number of traders net-short is 3.7% lower than yesterday and 6.2% lower 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 Trading Sentiment Suggests Further Downside

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USDJPY prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current USDJPY price trend may soon reverse lower despite the fact traders remain net-short.

--- Written by Jake Schoenleb, DailyFX Research

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

DISCLOSURES