USD/JPY and GBP/JPY – Latest Sentiment Analysis and Charts

USD/JPY: Mixed Trading BiasGBP/JPY: Lower Prices Ahead?Our Brand New Q3 Japanese Yen Technical and Fundamental forecasts are now available to download:

Recommended by Nick Cawley Get Your Free JPY Forecast

USD/JPY: Mixed Trading Bias

Recent retail trader data indicates 20.37% of traders hold net-long positions, with a short-to-long ratio of 3.91 to 1. Net-long traders decreased by 1.11% daily but increased by 15.77% weekly. Conversely, net-short traders increased by 0.29% daily but decreased by 9.29% weekly.

Our contrarian approach to market sentiment suggests potential USD/JPY price increases, given the predominantly short positions. However, the mixed short-term changes in positioning yield an unclear USD/JPY trading outlook.

Recommended by Nick Cawley How to Trade USD/JPY USD/JPY Daily Price Chart

GBP/JPY: Lower Prices Ahead?

Current retail trader data indicates 22.95% net-long positions, with a short-to-long ratio of 3.36 to 1. Net-long traders increased by 15.86% daily and 28.24% weekly. Net-short traders rose 0.53% daily but decreased 4.57% weekly.

Our contrarian approach to market sentiment suggests potential GBP/JPY price increases, given the predominantly short positions. However, the reduction in net-short positions over both daily and weekly timeframes signals a possible downward price reversal.

GBP/JPY Bearish Data provided by of clients are net long. of clients are net short.

All price charts using TradingView

What is your view on the Japanese Yen– bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author via Twitter .