EUR/JPY IG Client Sentiment: Traders Fade Rebound, Now Net-Short

eur jpy ig client sentiment traders fade rebound now net short

Sumary of EUR/JPY IG Client Sentiment: Traders Fade Rebound, Now Net-Short:

  • We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/JPY prices may continue to rise.
  • Our data shows traders are now net-short EUR/JPY for the first time since Jul 15, 2021 10:00 GMT when EUR/JPY traded near 129.73. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bullish contrarian trading bias.

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