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USD/JPY IG Client Sentiment: Our data shows traders are now at their least net-long USD/JPY since Oct 03 when USD/JPY traded near 149.10.

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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.

USD/CAD IG Client Sentiment: Our data shows traders are now at their least net-long USD/CAD since Mar 12 when USD/CAD traded near 1.38.Germany 40 IG Client Sentiment: Our data shows traders are now at their most net-long Germany 40 since Oct 05 when Germany 40 traded near 15,103.30.FTSE 100 IG Client Sentiment: Our data shows traders are now net-long FTSE 100 for the first time since Oct 10, 2023 08:00 GMT when FTSE 100 traded near 7,617.50.

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USD/JPY is expected to remain stuck within a rangeUSD/JPY is still seen trading within the 149.00-150.70 range in the next few weeks, according to UOB Group’s Markets Strategist Quek Ser Leang and Sen
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