Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current EUR/JPY price trend may soon reverse lower despite the fact traders remain net-short.
EUR/JPY IG Client Sentiment: Our data shows traders are now at their most net-long EUR/JPY since Dec 18 when EUR/JPY traded near 155.86.Retail trader data shows 43.36% of traders are net-long with the ratio of traders short to long at 1.31 to 1.since Dec 18 when EUR/JPY traded near 155.86. The number of traders net-long is 1.69% lower than yesterday and 2.52% lower from last week, while the number of traders net-short is 9.82% lower than yesterday and 20.05% lower from last week.
EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since Jul 03, 2024 when EUR/USD traded near 1.08.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits.
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.
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