The latest sentiment analysis for USD/JPY and GBP/JPY
EUR/USD IG Client Sentiment: Our data shows traders are now net-short EUR/USD for the first time since Jun 13, 2024 when EUR/USD traded near 1.07.IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 84.34%, while traders in EUR/JPY are...
Long positions are on the rise, climbing 16.84% day-over-day and 9.34% week-over-week. While our contrarian approach typically views net-short sentiment as a bullish signal, the recent reduction in bearish conviction hints at a potential trend reversal. This evolving sentiment landscape offers valuable insights for strategic positioning in the USD/JPY market.
Temporal shifts in trader positioning add another layer of complexity to the market outlook. While the number of traders holding long positions has increased by 8.27% since yesterday, it has markedly decreased by 18.64% compared to last week. Conversely, short positions have seenThis nuanced picture of trader sentiment and its recent fluctuations presents a mixed trading bias for the GBP/JPY.
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