Our data shows traders are now at their least net-long AUD/JPY since Mar 21 when AUD/JPY traded near 88.44.

Our data shows traders are now at their least net-long AUD/JPY since Mar 21 when AUD/JPY traded near 88.44.

Number of traders net-short has increased by 13.82% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

AUD/JPY

BULLISH

16.42%

83.58%

-20.54%
Daily

-34.56%
Weekly

7.09%
Daily

13.82%
Weekly

1.31%
Daily

1.50%
Weekly

AUD/JPY: Retail trader data shows 16.42% of traders are net-long with the ratio of traders short to long at 5.09 to 1. Our data shows traders are now at their least net-long AUD/JPY since Mar 21 when AUD/JPY traded near 88.44. The number of traders net-long is 20.54% lower than yesterday and 34.56% lower from last week, while the number of traders net-short is 7.09% higher than yesterday and 13.82% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests AUD/JPY 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 AUD/JPY-bullish contrarian trading bias.

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Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2022/03/31/AUDJPY-IG-Client-Sentiment-0823.html
By: Research

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