Number of traders net-short has increased by 6.40% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
AUD/JPY: Retail trader data shows 17.87% of traders are net-long with the ratio of traders short to long at 4.60 to 1. Our data shows traders are now at their least net-long AUD/JPY since Oct 21 when AUD/JPY traded near 85.09. The number of traders net-long is 6.00% lower than yesterday and 18.26% lower from last week, while the number of traders net-short is 16.44% higher than yesterday and 6.40% 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.
element inside the element. This is probably not what you meant to do!
Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2022/03/21/AUDJPY-IG-Client-Sentiment-1223.html