Skip to Content
News & Analysis at your fingertips.
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
USDJPY: Traders Remaining Net-Long Suggests Price May Continue to Fall

USDJPY: Traders Remaining Net-Long Suggests Price May Continue to Fall

Nancy Pakbaz, CFA, Markets Writer

Share:

What's on this page
usdjpy

NET-SHORT POSITIONS ARE 31.4% LOWER FROM LAST WEEK

USDJPY: Retail trader data shows 53.7% of traders are net-long with the ratio of traders long to short at 1.16 to 1. The number of traders net-long is 1.6% lower than yesterday and 11.0% higher from last week, while the number of traders net-short is 8.4% lower than yesterday and 31.4% lower from last week.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to “Identify Trends with Sentiment”:

Thursday 21:00 GMT

Tuesday 15:00 GMT

Wednesday 00:00 GMT

Wednesday 12:30 GMT

(click on one of the above times to enroll)

USDJPY: SENTIMENT SUGGESTS BEARISH TRADING BIAS

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USDJPY prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.

--- Written by Nancy Pakbaz, CFA, DailyFX Research

Follow Nancy on Twitter @ NancyPakbazFX

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

DISCLOSURES