Leveraged funds cut JPY longs, while building up EUR longs – Nomura

Sandeep Kanihama FXStreet Contributor

In the week ending Tuesday 10 April, leveraged funds cut long JPY positioning, which decreased to 26% from 30 % the previous week, points out the research team at Nomura.

Key Quotes

“The 1y high in JPY net-long position is 36%, recorded in April. In contrast, asset managers increased long JPY positioning from 18% to 21%.”

“GBP&EUR: Sterling net long positioning fell from 58% to 55%, maintaining a level close to the 1y high of 59% recorded in February. On the other hand, leveraged funds built up EUR net long positioning to 16% from 12% the previous week. The 1y high for net-longs is 41%, which was reached in January.”

“CAD: Leveraged funds increased short CAD position slightly from 55% to 56%. The 1y high in CAD net-short positioning is 69%, recorded in May. Asset managers remained CAD net-longs, currently at 15%.”

“USD: Our BIS volume-weighted proxy shows that leveraged funds slightly decreased net short USD positioning from 20% to 19%. Net short positioning has been maintained since January 2018.”

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.

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