The US Dollar (USD) net long positions have edged up for the first time in 4 weeks. The Euro (EUR) net long positions fell back after the surge the previous week. The Pound Sterling (GBP) net long positions have plunged for a third week in a row, and the Japanese Yen (JPY) net positions have pushed into positive ground for the first time since 2021, Rabobank’s Senior FX Strategist Jane Foley and Cross-Asset Macro Strategist Molly Schwartz notes.
JPY pushes into positive ground for the first time since 2021
“USD net long positions have edged up for the first time in 4 weeks, driven by an increase in long positions. Better US economic data have provided reassurance that the market was priced for too much easing from the Fed during its mini panic earlier this month. The market is now awaiting the appearance of Fed Chair Powell at the Jackson Hole event on Friday.”
“EUR net long positions fell back after the surge the previous week. The market continues to focus on the ECB policy signals but the single currency has largely shaken off budget pressures in various Eurozone countries this year. ECB Chief economist Lane is due to speak at Jackson Hole on Saturday.”
“GBP net long positions have plunged for a third week in a row, driven by a decrease in long positions as the market re-evaluates the post UK election surge. That said, GBP is still the only G10 currency to have outperformed the USD in the year to date. JPY net positions have pushed into positive ground for the first time since 2021, driven by a rise in long positions. This continues the improving trend that has been in place since early July.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD accelerates losses to 1.0930 on stronger Dollar
The US Dollar's recovery regains extra impulse sending the US Dollar Index to fresh highs and relegating EUR/USD to navigate the area of daily troughs around 1.0930 in the latter part of Friday's session.
GBP/USD plummets to four-week lows near 1.2850
The US Dollar's rebound keep gathering steam and now sends GBP/USD to the area of multi-week lows in the 1.2850 region amid the broad-based pullback in the risk-associated universe.
Gold trades on the back foot, flirts with $3,000
Gold prices are accelerating their daily decline, steadily approaching the critical $3,000 per troy ounce mark as the Greenback's rebound gains extra momentum and US yields tighten their retracement.
Can Maker break $1,450 hurdle as whales launch buying spree?
Maker holds steadily above $1,250 support as a whale scoops $1.21 million worth of MKR. Addresses with a 100k to 1 million MKR balance now account for 24.27% of Maker’s total supply. Maker battles a bear flag pattern as bulls gather for an epic weekend move.
Strategic implications of “Liberation Day”
Liberation Day in the United States came with extremely protectionist and inward-looking tariff policy aimed at just about all U.S. trading partners. In this report, we outline some of the more strategic implications of Liberation Day and developments we will be paying close attention to going forward.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.