Number of traders net-short has decreased by 40.57% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
EUR/JPY: Retail trader data shows 62.28% of traders are net-long with the ratio of traders long to short at 1.65 to 1. Our data shows traders are now at their most net-long EUR/JPY since Aug 18 when EUR/JPY traded near 128.61. The number of traders net-long is 13.97% higher than yesterday and 36.84% higher from last week, while the number of traders net-short is 10.00% lower than yesterday and 40.57% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/JPY 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 EUR/JPY-bearish contrarian trading bias.
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Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2021/09/22/EURJPY-IG-Client-Sentiment-0825.html