AUD/JPY Client Positioning

Variety of merchants net-short has decreased by 37.60% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

AUD/JPY

BEARISH

50.53%

49.47%

5.75%
Each day

51.27%
Weekly

-5.26%
Each day

-37.60%
Weekly

0.00%
Each day

-11.26%
Weekly

AUD/JPY: Retail dealer information reveals 50.53% of merchants are net-long with the ratio of merchants lengthy to quick at 1.02 to 1. In actual fact, merchants have remained net-long since Oct 01 when AUD/JPY traded close to 75.83, value has moved 1.42% decrease since then. The variety of merchants net-long is 5.75% greater than yesterday and 51.27% greater from final week, whereas the variety of merchants net-short is 5.26% decrease than yesterday and 37.60% decrease from final week.

We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests AUD/JPY costs could proceed to fall.

Our information reveals merchants are actually net-long AUD/JPY for the primary time since Oct 01, 2020 when AUD/JPY traded close to 75.83. Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications provides us a stronger AUD/JPY-bearish contrarian buying and selling bias.