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FOREX: JPY & CAD Shorts Cut Per CFTC Positioning Update

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CFTC positioning data was released late on Monday in the US (due to the Thanksgiving holiday at the end of last week). The table below updates FX positioning by currency and type of manager for the week ending the 26th of Nov. 

  • Leveraged players cut back on CAD, JPY and EUR shorts for this period. The also added to GBP longs. AUD longs were cut, but this investor base is close to neutral in terms of outright positioning.
  • NZD flipped back to a net short for leveraged investors, but this was just prior to last week's hawkish 50bps cut from the RBNZ.
  • The USD index was close to recent highs last Tuesday on the 26th of Nov.
  • In the real money space, trends were mixed. Yen shorts were, but EUR longs were cut, and GBP shorts added to. CAD shorts were also cut. Note the 26th of Nov was the day of significant CAD weakness following the trump tariff threat.
  • Outright positioning in JPY remained short for both leveraged players and asset managers. This week's update may show further adjustments, given USD/JPY's slide sub 150.00. 

Table 1: CFTC Positioning By Currency & Investor Type (Change & Outright Positions)

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CFTC positioning data was released late on Monday in the US (due to the Thanksgiving holiday at the end of last week). The table below updates FX positioning by currency and type of manager for the week ending the 26th of Nov. 

  • Leveraged players cut back on CAD, JPY and EUR shorts for this period. The also added to GBP longs. AUD longs were cut, but this investor base is close to neutral in terms of outright positioning.
  • NZD flipped back to a net short for leveraged investors, but this was just prior to last week's hawkish 50bps cut from the RBNZ.
  • The USD index was close to recent highs last Tuesday on the 26th of Nov.
  • In the real money space, trends were mixed. Yen shorts were, but EUR longs were cut, and GBP shorts added to. CAD shorts were also cut. Note the 26th of Nov was the day of significant CAD weakness following the trump tariff threat.
  • Outright positioning in JPY remained short for both leveraged players and asset managers. This week's update may show further adjustments, given USD/JPY's slide sub 150.00. 

Table 1: CFTC Positioning By Currency & Investor Type (Change & Outright Positions)

Keep reading...Show less