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Japanese Yen Sentiment Analysis – USD/JPY, GBP/JPY, EUR/JPY Latest
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Japanese Yen Sentiment Analysis – USD/JPY, GBP/JPY, EUR/JPY Latest
Jul 15, 2024 12:38 AM

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.

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USD/JPY Retail Trader data:

33.70% of traders are net-longShort-to-long ratio: 1.97 to 1Net-long positions: +3.00% daily, +44.66% weeklyNet-short positions: +0.69% daily, -28.67% weeklyWhile 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.

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GBP/JPY Retail Trader data:

27.58% of traders are net-longShort-to-long ratio: 2.63 to 1Net-long positions: +1.63% daily, +21.43% weeklyNet-short positions: +1.45% daily, -13.25% weeklyWhile 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:

24.53% of traders are net-longShort-to-long ratio: 3.08 to 1Net-long positions: +3.03% daily, +40.50% weeklyNet-short positions: +0.19% daily, -20.40% weeklyWhile 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 Data provided by of clients are net long. of clients are net short.

Change in Longs Shorts OI
Daily 7% 1% 2%
Weekly 40% -22% -12%
What does it mean for price action? What is your view on the Japanese Yen– bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author via Twitter .

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