Forex Alert

EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Jun 22, 2021 when EUR/JPY traded near 132.10.

EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Jun 22, 2021 when EUR/JPY traded near 132.10.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.

Source: DailyFX – Technical Analysis
Date: July 7, 2021, 18:26