GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Dec 11, 2020 18:00 GMT when GBP/JPY traded near 137.52.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bearish contrarian trading bias.