IMM positioning

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Speculative investors increase JPY net longs
Wed, Dec 3 2008, 14:20 GMT
by Kasper Kirkegaard
Danske Bank A/S
- The latest IMM data covers the week from 18 to 25 November. The IMM data thereby covers the beginning of the rally in equities seen through the end of November.
- The largest change in speculative positions was seen in long JPY positions, which were increased by USD1.7bn to USD4.9bn. JPY net longs are now back to levels last seen in early October. JPY has strengthened significantly following the compilation of the latest IMM data, with USD/JPY falling to 93 from 97.
- Overall speculative positions were reduced slightly, but net positions remained unchanged in most currencies, as uncertainty remains high on the financial markets.
- Speculative investors remain net long USD against all currencies but JPY, with the largest net short positions seen in GBP and EUR.
- Net positions are broadly neutral in AUD, CAD, NZD and MXN.
- Bond market speculative investors sustained positions from last week with net shorts in 2-year notes and significant net longs in 10-year notes.
- On the energy market, speculative positions in oil are now neutral.
Published on
Wed, Dec 3 2008, 14:25 GMT
Archive
- Soft equity markets see a reduction in USD shorts
Published On Mon, Nov 2 2009, 13:14 GMT
- Speculative investors remain dollar bearish
Published On Mon, Oct 26 2009, 08:44 GMT
- Negative sterling sentiment remains in place
Published On Mon, Oct 5 2009, 13:33 GMT
- Short USD positions extended further against the EUR
Published On Tue, Sep 22 2009, 06:54 GMT
- Speculative investors reduce short GBP/USD positions
Published On Tue, Sep 15 2009, 06:25 GMT
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