The Japanese Yen has been making a comeback over the past couple of weeks following a prolonged period of weakness this year. Retail traders have been noticing. Looking at IG Client Sentiment (IGCS), long exposure has been rising in USD/JPY and AUD/JPY. IGCS tends to function as a contrarian indicator. If this trend in positioning continues, perhaps the Yen might have more room to recover. The IGCS gauge 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 ... (full story)