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JPY Pairs Sentiment Update: Retail Positions Analyzed

Written by:

Ezekiel Chew

Last updated on:

June 26, 2024

USD/JPY – Interpreting Market Sentiment

Source: DailyFX

Recent retail trader data indicates a deep divide in the USD/JPY market, with only 16.98% of traders holding net-long positions, translating to a notable short-to-long ratio of 4.89 to 1.

Although there's a slight increase in net-long traders by 1.36% since yesterday, there has been a decrease of 10.94% over the week. On the flip side, net-short traders have risen by 0.51% daily and 22.33% weekly.

This data, combined with our contrarian analysis, suggests a potential for continued USD/JPY price rises, though the mixed signals from current positioning present a complex trading outlook.

EUR/JPY – A Bullish Contrarian View

Source: DailyFX

The latest data reflects a significant shift in EUR/JPY retail trader sentiment. Only 16.49% of traders are net-long, with the short-to-long ratio widening to 5.07 to 1.

Net-long positions have dropped by 13.75% since yesterday and 31.34% over the week, while net-short positions have increased by 8.20% daily and 19.90% weekly.

Our contrarian perspective, considering the growing net-short positions, underscores a strong bullish outlook for EUR/JPY, indicating a robust contrarian trading bias.

GBP/JPY – Net-short Traders Predominate

Source: DailyFX

Data indicates that 22.28% of traders are currently net-long on GBP/JPY, with a short-to-long ratio of 3.49 to 1.

The count of net-long traders has decreased by 3.95% since yesterday and 10.99% over the last week, while net-short traders have increased by 2.60% since yesterday and 15.82% over the last week.

Adopting a contrarian stance to market sentiment, the prevalent net-short positioning suggests that GBP/JPY prices might continue to rise. The increase in net-short positions both from yesterday and last week supports a stronger bullish sentiment for GBP/JPY.

About Ezekiel Chew​

Ezekiel Chew, founder and head of training at Asia Forex Mentor, is a renowned forex expert, frequently invited to speak at major industry events. Known for his deep market insights, Ezekiel is one of the top traders committed to supporting the trading community. Making six figures per trade, he also trains traders working in banks, fund management, and prop trading firms.

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JPY Pairs Sentiment Update: Retail Positions Analyzed

Written by:

Updated:

June 26, 2024

USD/JPY - Interpreting Market Sentiment

Source: DailyFX
Recent retail trader data indicates a deep divide in the USD/JPY market, with only 16.98% of traders holding net-long positions, translating to a notable short-to-long ratio of 4.89 to 1. Although there's a slight increase in net-long traders by 1.36% since yesterday, there has been a decrease of 10.94% over the week. On the flip side, net-short traders have risen by 0.51% daily and 22.33% weekly. This data, combined with our contrarian analysis, suggests a potential for continued USD/JPY price rises, though the mixed signals from current positioning present a complex trading outlook.

EUR/JPY - A Bullish Contrarian View

Source: DailyFX
The latest data reflects a significant shift in EUR/JPY retail trader sentiment. Only 16.49% of traders are net-long, with the short-to-long ratio widening to 5.07 to 1. Net-long positions have dropped by 13.75% since yesterday and 31.34% over the week, while net-short positions have increased by 8.20% daily and 19.90% weekly. Our contrarian perspective, considering the growing net-short positions, underscores a strong bullish outlook for EUR/JPY, indicating a robust contrarian trading bias.

GBP/JPY - Net-short Traders Predominate

Source: DailyFX
Data indicates that 22.28% of traders are currently net-long on GBP/JPY, with a short-to-long ratio of 3.49 to 1. The count of net-long traders has decreased by 3.95% since yesterday and 10.99% over the last week, while net-short traders have increased by 2.60% since yesterday and 15.82% over the last week. Adopting a contrarian stance to market sentiment, the prevalent net-short positioning suggests that GBP/JPY prices might continue to rise. The increase in net-short positions both from yesterday and last week supports a stronger bullish sentiment for GBP/JPY.
ezekiel chew asiaforexmentor

About Ezekiel Chew

Ezekiel Chew, founder and head of training at Asia Forex Mentor, is a renowned forex expert, frequently invited to speak at major industry events. Known for his deep market insights, Ezekiel is one of the top traders committed to supporting the trading community. Making six figures per trade, he also trains traders working in banks, fund management, and prop trading firms.

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