Retail trader data indicates that 25.87% of traders are currently holding long positions, with a short-to-long ratio of 2.87 to 1. The number of traders holding long positions is 11.66% higher than yesterday and 4.94% higher than last week, while the number of traders holding short positions is 5.87% higher than yesterday and 2.52% higher than last week.

Our approach usually contrasts with crowd sentiment, and the fact that traders are net-short suggests that USD/JPY prices might continue to rise. However, traders are less net-short compared to yesterday and last week. Recent shifts in sentiment indicate that the current trend in USD/JPY prices may soon reverse lower despite traders maintaining net-short positions.

USD/JPY TESTING MULTI-WEEK HIGHS

Jun 18 2024

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