Forex Alert

USD/JPY IG Client Sentiment: Our data shows traders are now net-long USD/JPY for the first time since Mar 02, 2021 when USD/JPY traded near 106.76.

USD/JPY IG Client Sentiment: Our data shows traders are now net-long USD/JPY for the first time since Mar 02, 2021 when USD/JPY traded near 106.76.

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

Source: DailyFX – Technical Analysis
Date: April 16, 2021, 20:44