Number of traders net-short has decreased by 21.05% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
---|---|---|---|---|---|---|
AUD/JPY | BEARISH | 50.63% | 49.37% |
-5.66% Daily 4.17% Weekly |
-15.95% Daily -21.05% Weekly |
-11.04% Daily -10.02% Weekly |
Change in | Longs | Shorts | OI |
Daily | -9% | -18% | -14% |
Weekly | -1% | -21% | -12% |
AUD/JPY: Retail trader data shows 50.63% of traders are net-long with the ratio of traders long to short at 1.03 to 1. In fact, traders have remained net-long since May 15 when AUD/JPY traded near 91.17, price has moved 3.31% higher since then. The number of traders net-long is 5.66% lower than yesterday and 4.17% higher from last week, while the number of traders net-short is 15.95% lower than yesterday and 21.05% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests AUD/JPY prices may continue to fall.
Our data shows traders are now net-long AUD/JPY for the first time since May 15, 2023 when AUD/JPY traded near 91.17. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/JPY-bearish contrarian trading bias.
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