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The number of net short traders fell 22.63% from last week.
|
SYMBOL |
COMMERCIAL BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE OF LONGS |
SHORTS CHANGE |
CHANGE OF IO |
|
AUD / JPY |
DECREASE |
50.12% |
49.88% |
10.36%
24.56% |
5.47%
-22.63% |
7.87%
-4.49% |
AUD / JPY: Data from retail traders shows that 50.12% of traders are net long with a ratio of long to short traders of 1.00 to 1. In fact, traders have remained net since August 26, when the AUD / JPY traded near 79.70, the price has fallen 0.42% since then. The number of net-long traders is 10.36% higher than yesterday and 24.56% higher than last week, while the number of net-short traders is 5.47% higher than yesterday and 22 , 63% lower than last week.
We generally take a contrarian view of crowd sentiment, and the fact that traders are net long suggests that AUD / JPY prices may continue to decline.
Our data shows that traders are now long on AUD / JPY for the first time since August 26, 2021, when AUD / JPY was trading near 79.70. Traders are longer than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD / JPY countercurrent trading bias.
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