Forex Alert

USD/JPY IG Client Sentiment: Our data shows traders are now net-short USD/JPY for the first time since Aug 16, 2021 04:00 GMT when USD/JPY traded near 109.25.

USD/JPY IG Client Sentiment: Our data shows traders are now net-short USD/JPY for the first time since Aug 16, 2021 04:00 GMT when USD/JPY traded near 109.25.

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

Source: DailyFX – Technical Analysis
Date: August 24, 2021, 11:08