The Japanese Yen has been gaining in recent weeks. Even so, retail traders have been buying USD/JPY and AUD/JPY. Is this a sign that these pairs may continue falling ahead? Get your market update from ddubrovskyFX here:
/JPY.
tends to function as a contrarian indicator. If this trend in positioning continues, perhaps the Yen might have more room to recover. However, do the fundamentals align with this scenario? For detailed coverage, check out the webinar recording above.shows that about 44% of retail traders are net-long USD/JPY. Since most traders are still biased lower, this hints prices may continue rising. However, upside exposure has climbed by 9.99% and 22.38% compared to yesterday and last week respectively.
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