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FOREX: Leveraged Funds Add to JPY & CAD Shorts In Week Ending Jan 7

FOREX
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The updated CFTC positioning data for FX markets, shows leveraged investor shifts in favor of the USD in the first week of January. The table below shows the weekly change and outright position for leveraged contracts and asset managers by currency. This is as at January 7th, so last Tuesday. 

  • A big shift was against JPY, with near -11k shorts added by leveraged names. Outright shorts stand at -53.2k, but this is short of 2024 extremes, which extended beyond -100k.
  • CAD shorts were also added to, with -94.6k outright shorts the most as measured by leveraged investors. This is close to recent cycle lows for leveraged shorts.
  • The bias for asset managers was generally in favour of the USD, albeit in smaller magnitudes compared to the leveraged side. The exception was the AUD, where current shorts were cut. CAD shorts were also cut but by a much more modest amount compared to the AUD. 

Table 1: CFTC Positioning - By Currency & Investor Type 

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The updated CFTC positioning data for FX markets, shows leveraged investor shifts in favor of the USD in the first week of January. The table below shows the weekly change and outright position for leveraged contracts and asset managers by currency. This is as at January 7th, so last Tuesday. 

  • A big shift was against JPY, with near -11k shorts added by leveraged names. Outright shorts stand at -53.2k, but this is short of 2024 extremes, which extended beyond -100k.
  • CAD shorts were also added to, with -94.6k outright shorts the most as measured by leveraged investors. This is close to recent cycle lows for leveraged shorts.
  • The bias for asset managers was generally in favour of the USD, albeit in smaller magnitudes compared to the leveraged side. The exception was the AUD, where current shorts were cut. CAD shorts were also cut but by a much more modest amount compared to the AUD. 

Table 1: CFTC Positioning - By Currency & Investor Type 

Keep reading...Show less