Japanese Yen Sentiment Analysis – USD/JPY, GBP/JPY, EUR/JPY Latest

  • Jul 15, 2024

Japanese Yen Sentiment Analysis USD/JPY, GBP/JPY, EUR/JPY Latest

Japanese Yen data shows some sizeable shifts in Yen positioning against USD , GBP , and EUR .

USD/JPY Retail Trader data:

  1. 33.70% of traders are net-long
  2. Short-to-long ratio: 1.97 to 1
  3. Net-long positions: +3.00% daily, +44.66% weekly
  4. Net-short positions: +0.69% daily, -28.67% weekly

While the contrarian view suggests continued USD/JPY price increases due to net-short positioning, recent sentiment changes warrant caution. The significant weekly increase in long positions and decrease in short positions may signal a potential downward price reversal, despite the overall net-short market stance.

image1.png

GBP/JPY Retail Trader data:

  1. 27.58% of traders are net-long
  2. Short-to-long ratio: 2.63 to 1
  3. Net-long positions: +1.63% daily, +21.43% weekly
  4. Net-short positions: +1.45% daily, -13.25% weekly

While the contrarian view suggests continued GBP/JPY price increases due to net-short positioning, recent sentiment changes warrant caution. The significant weekly increase in long positions and decrease in short positions may signal a potential downward price reversal, despite the overall net-short market stance.

EUR/JPY Retail Traders data:

  1. 24.53% of traders are net-long
  2. Short-to-long ratio: 3.08 to 1
  3. Net-long positions: +3.03% daily, +40.50% weekly
  4. Net-short positions: +0.19% daily, -20.40% weekly

While the contrarian view suggests continued EUR/JPY price increases due to net-short positioning, recent sentiment changes warrant caution. The substantial weekly increase in long positions and decrease in short positions may signal a potential downward price reversal, despite the overall net-short market stance.

EUR/JPY Bearish
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily 12% 2% 4%
Weekly 27% -21% -13%