FX Sentiment Report

Speculative aggregate USD long positions fell by $4.3bn to $7.6bn as traders covered shorts in JPY and CAD following Japanese currency intervention.

Key Takeaways

• 1.The aggregate USD long position significantly decreased by $4.3bn to $7.6bn, mainly due to speculators covering shorts in JPY and CAD.
• 2.Japanese official FX market intervention forced speculators to liquidate bearish JPY bets, narrowing the net short by $3.1bn.
• 3.AUD positioning has overtaken the EUR to become the largest net long currency held, reaching $5.7bn.

Table of Contents

• USD Long Continues Decline As Specs Cut CAD & JPY Shorts
• CAD — NON-COMMERCIAL POSITIONING

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