CFTC Positioning report: JPY net longs remain on the rise
|These are the main highlights of the CFTC Positioning report for the week ended on August 13.
- Speculators kept adding longs to their already positive position in JPY, taking the net longs to the highest level since early November 2016, always on the back of the continuation of the ‘flight-to-safety’ environment that has been dominating the global sentiment in the last couple of weeks.
- USD net longs receded to the lowest levels in the last three weeks on rising speculations of extra easing by the Federal Reserve in tandem with trade concerns, global weakness and the inverted yield curve.
- AUD net shorts climbed to the highest level since later June on increasing fears surrounding the protracted US-China trade conflict along with the perceived shift to the dovish side from the RBA.
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