Forex futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday Nov 4, 2014:
- EUR net short 178K vs short 166K prior
- JPY net short 72K vs 67K short prior
- GBP net short 8K vs short 6K prior
- AUD net short 38K vs short 34K prior
- CAD net short 19K vs short 21K prior
- CHF net short 20K vs short 20K prior
- NZD net short 4k vs short 4k prior
I’m astonished to see the yen net as low as it is. At the start of October it was at -120K. Needless to say, many would-be yen shorts missed out and they’ll be looking for dips in USD/JPY to buy.
yen net CFTC
It’s a similar story elsewhere with US dollar longs surprisingly low.