EUR/JPY IG Client Sentiment: Our Data Shows Traders Are Now Net-long EUR/JPY For The First Time Since Dec 27, 2019 07:00 GMT When EUR/JPY Traded Near 122.38.

EUR/JPY Client Positioning

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

EUR/JPY

BEARISH

51.52%

48.48%

14.86% Daily

-2.30% Weekly

-25.00% Daily

-16.38% Weekly

-8.67% Daily

-9.67% Weekly

EUR/JPY: Retail trader data shows 51.52% of traders are net-long with the ratio of traders long to short at 1.06 to 1. In fact, traders have remained net-long since Dec 27 when EUR/JPY traded near 122.38, price has moved 1.52% lower since then. The number of traders net-long is 14.86% higher than yesterday and 2.30% lower from last week, while the number of traders net-short is 25.00% lower than yesterday and 16.38% 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 Dec 27, 2019 07:00 GMT when EUR/JPY traded near 122.38. 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.

RECENT NEWS

Forex Today: Japanese Yen Hits 34-Year Low - 27 March 2024

USD/JPY Hits Record High Near ¥152, Japanese Officials Try to Talk Up Yen; Cocoa Futures Surpass $10,000 to Hit All-Tim... Read more

Forex Today: Cocoa Futures Break $9,000 For Record High - 26 March 2024

Cocoa Futures Gain 8% in a Day; US Stocks, Gold Remain Bullish; Japanese Officials Try to Talk Up Yen; Bitcoin Rises Abo... Read more

United States Federal Reserve Holds Interest Rates, Remains Cautious - 21 March 2024

The Federal Reserve left interest rates unchanged for a fifth straight time at its meeting on March 20. The US dollar fe... Read more

Forex Today: Fed Says 3 Rate Cuts In 2024, Stocks, Gold Boom - 21 March 2024

Fed Gives Dovish Surprise by Forecasting 3 Cuts in 2024; Markets Await BoE, SNB; Gold, Stock Markets Reach Record Highs;... Read more

Forex Today: Markets Await FOMC Meeting - 20 March 2024

FOMC Expected to Leave Rate at 5.50%; Japanese Yen Continues to Fall After BoJ; Bitcoin Weaker; Markets Await UK Inflati... Read more

Forex Today: Bank Of Japan Ends Negative Interest Rates

BoJ Makes First Rate Hike Since 2007, Japanese Stocks Rally, Yen Weakens; RBA Leaves Rates at 4.35%; Cocoa Futures Sligh... Read more