FXstreet.com (Barcelona) - According to the Nomura research team, positioning changes the past week were below $1.0 billion in each major. The report shows that short EUR positions are still building up, as the euro crisis is far from over. In the opposite direction, Japanese yen longs continued for a third consecutive week
Briefly: “...EUR shorts rose by $0.3bn to a net short position of $25.7bn as of last Tuesday. However, our real-time estimates suggest that EUR shorts have declined by $1.6bn since then…”
“…For the first time in months, risk reversals are no longer skewed for EUR puts vs. USD…”
Briefly: “...EUR shorts rose by $0.3bn to a net short position of $25.7bn as of last Tuesday. However, our real-time estimates suggest that EUR shorts have declined by $1.6bn since then…”
“…For the first time in months, risk reversals are no longer skewed for EUR puts vs. USD…”
