The number of net-short traders increased by 34.60% compared to last week.
|
SYMBOL |
TRADE BIAS |
NET-LONG % |
NET-SHORT% |
CHANGE OF LENGTHS |
SHORTS CHANGE |
IO CHANGE |
|
EUR/JPY |
BULLISH |
22.08% |
77.92% |
-22.16%
-2.58% |
-11.75%
34.60% |
-14.29%
24.14% |
EUR/JPY: Retail trader data shows that 22.08% of traders are net long with a short to long trader ratio of 3.53 to 1. Our data shows that traders are now at their shortest net EUR/JPY position since October 25, when EUR/JPY was trading near 132.01. The number of net long traders is 22.16% lower than yesterday and 2.58% lower than last week, while the number of net short traders is 11.75% lower than yesterday. yesterday and 34.60% higher than last week.
We generally take a view contrary to the sentiment of the crowds, and the fact that traders are net short suggests that EUR/JPY prices may continue to rise.
Traders are even sharper than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY bullish contrarian trading bias.
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