Our data shows traders are now net-long EUR/JPY for the first time since Feb 03, 2022 when EUR/JPY traded near 131.45.

Our data shows traders are now net-long EUR/JPY for the first time since Feb 03, 2022 when EUR/JPY traded near 131.45.

Number of traders net-short has decreased by 34.10% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

EUR/JPY

BEARISH

51.19%

48.81%

32.46%
Daily

56.48%
Weekly

-9.43%
Daily

-34.10%
Weekly

8.06%
Daily

-6.35%
Weekly

EUR/JPY: Retail trader data shows 51.19% of traders are net-long with the ratio of traders long to short at 1.05 to 1. In fact, traders have remained net-long since Feb 03 when EUR/JPY traded near 131.45, price has moved 2.58% lower since then. The number of traders net-long is 32.46% higher than yesterday and 56.48% higher from last week, while the number of traders net-short is 9.43% lower than yesterday and 34.10% 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.

Our data shows traders are now net-long EUR/JPY for the first time since Feb 03, 2022 when EUR/JPY traded near 131.45. 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.

element inside the element. This is probably not what you meant to do!
Load your application’s JavaScript bundle inside the element instead.

Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2022/03/01/EURJPY-IG-Client-Sentiment-1423.html
By: Research

Written by:

9,600 Posts

View All Posts
Follow Me :

Leave a Reply

%d bloggers like this: