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EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Oct 19, 2020 13:00 GMT when EUR/JPY traded near 124.10.

 EUR/JPY: Retail trader data shows 50.61% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Oct 19 when EUR/JPY traded near 124.10, price has moved 1.44% lower since then. the amount of traders net-long is 22.79% above yesterday and 45.85% higher from last week, while the amount of traders net-short is 22.75% less than yesterday and 34.14% lower from last week.


We typically take a contrarian view to crowd sentiment, and therefore the fact traders are net-long suggests EUR/JPY prices may still fall.


Our data shows traders are now net-long EUR/JPY for the primary time since Oct 19, 2020 13:00 GMT when EUR/JPY traded near 124.10. Traders are further net-long than yesterday and last week, and therefore the combination of current sentiment and up to date changes gives us a stronger EUR/JPY-bearish contrarian trading bias.

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