EUR net longs fall, JPY shorts drop - Nomura
In the week ended 13 February, leveraged funds’ net long position in EUR fell from 38% to 30% and asset managers remained long EUR, with the current level (37%) broadly in line with the six-month average, notes the research team at Nomura.
Key Quotes
“On the other hand, leveraged funds decreased GBP net longs from to 56 from 59%, a high since early-June 2014. Asset managers’ net short position in GBP increased from 35% to 40%.”
“JPY: Leveraged funds’ net short JPY positioning fell from 38% to 33%. The one-year high is 64%, recorded in July 2017. In contrast, asset managers reduced long JPY positions from 52% to 42%.”
“AUD & NZD: Leveraged funds’ long positioning in AUD rose to 32% from 41%; the lastyear high was 76% in mid-October 2017. Leveraged funds decreased NZD net shorts from 13% to 8%, while maintaining a net NZD short since mid-October 2017.”
“USD: Our BIS volume-weighted proxy shows that leveraged funds have maintained a net short USD (-17%) position for six weeks.”
Author
Sandeep Kanihama
FXStreet Contributor
Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.
