Our data shows traders are now net-long AUD/JPY for the first time since Aug 26, 2021 when AUD/JPY traded near 79.70.

Our data shows traders are now net-long AUD/JPY for the first time since Aug 26, 2021 when AUD/JPY traded near 79.70.

Number of traders net-short has decreased by 22.63% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

AUD/JPY

BEARISH

50.12%

49.88%

10.36%
Daily

24.56%
Weekly

5.47%
Daily

-22.63%
Weekly

7.87%
Daily

-4.49%
Weekly

AUD/JPY: Retail trader data shows 50.12% of traders are net-long with the ratio of traders long to short at 1.00 to 1. In fact, traders have remained net-long since Aug 26 when AUD/JPY traded near 79.70, price has moved 0.42% lower since then. The number of traders net-long is 10.36% higher than yesterday and 24.56% higher from last week, while the number of traders net-short is 5.47% higher than yesterday and 22.63% 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 Aug 26, 2021 when AUD/JPY traded near 79.70. 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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Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2021/09/20/AUDJPY-IG-Client-Sentiment-1425.html
By: Research

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