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USD/JPY Retail Sentiment

35% long · 65% short · updated 13 Nov, 21:00 UTC

Current Sentiment

LONG SHORT
35% 65%
Retail lean
Short 65%
Update
13 November 2026, 21:00 UTC
Crowding
Crowded
By currencyUSD and JPY against the other majors · updated 13 Nov, 21:00 UTC
USDUS dollar76% short24% longExtreme7d−14
JPYJapanese yen61% short39% longCrowded7d−2

Retail is short both USD (76% short on average) and JPY (61% short) against the rest of the majors: the 65% short on USD/JPY is where the two crowds meet, not a lean on either currency by itself.

All 8 currencies

Price and retail positioning

The same retail long % as above, over the whole archive and drawn against the price. Candles from 15 minutes to monthly.

Retail
Open USD/JPY on TradingViewCharts drawn with TradingView Lightweight Charts™ · Copyright (с) 2025 TradingView, Inc. Daily candles from our broker price feed, 2 October 2023 to 13 November 2026 (bid prices; the day closes at 17:00 New York); weekly and monthly candles are built from them. Drag to pan; scroll, drag the time axis or pinch to zoom. On a touch screen, drag the price scale with one finger to move the chart up or down, with two to stretch it, and double-tap it to reset. The 15-minute, hourly and four-hour candles come from the same feed and load when you pick them; older ones load by themselves as you scroll left, back to the start of the archive. Four-hour candles open at 17:00, 21:00, 01:00, 05:00, 09:00 and 13:00 New York, as on TradingView. Their last candle is still forming and refreshes about every minute while the view is open. On those views the retail positioning is drawn as steps: it is a snapshot every 3 hours, not a minute-by-minute reading. Retail positioning: daily snapshots since 12 May 2025, 494 so far · latest 35% long at 13 Nov 21:00 UTC; on the weekly and monthly views it is the average of the trading days. From 60% on one side it counts as crowded and from 75% as extreme, the same three states the Trade Panel shows. The positioning is refreshed every 3 hours on weekdays, not real-time.

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How USD/JPY positioning is sitting

Retail positioning · updated 13 Nov, 21:00 UTC

Retail traders are currently 65% short on USD/JPY — one-sided enough to start counting as a contrarian signal, which our signals begin to weigh from 60%. That is 14 points more short than a week ago. The crowd has stayed net short for 4 readings in a row. Across the last 21 readings it has swung between 32% and 66% long.

A week ago49% long (6 Nov)
Range, last 21 readings32–66% long
Now35% long / 65% short

We read positioning against the crowd: the more one-sided it is, the more weight it carries as a contrarian signal, and below 60% it carries none. It is one of five factors in the signal for this pair — never a trade on its own. The full read, with levels, patterns and volatility, is on the USD/JPY analysis page.

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