Leveraged funds’ net short EUR rose and net long JPY fell – Nomura
Research Team at Nomura, lists down the IMM data for the week ending on 06 September.
Key Quotes
“EUR: Leveraged funds’ net short positioning in EUR rose after falling for three consecutive weeks (to 65% vs. 59% last week). The high in net shorts was recorded four weeks ago at around 75%. Asset managers’ net long positioning in EUR fell to around 10% vs. 12% last week.
JPY: Leveraged funds’ net long positioning in JPY fell as of Tuesday, after four consecutive weeks of increases (to 49% vs. 52% last week). The highest level of net long positioning in JPY stands at around 56%, which was last seen in July. Asset managers’ net short positioning in JPY rose on the week, to 16% vs. 13% last week.
AUD: Leveraged funds’ net long positioning in AUD rose for the second consecutive week (to 50% from 43% last week). The highest net long positioning in AUD in the past year is 67%, which was recorded in April. Asset managers’ net long positioning fell on the week to 25% vs. 31% last week.
MXN: Net short positioning by leveraged funds in MXN rose significantly, after normalizing in the last eight weeks (to 58% of total leveraged funds’ contracts vs. 34% last week). The one-year high net short positioning in MXN stands at 70%, which was in June. Asset managers’ net long positioning in MXN rose to a 1-year high of 86%.”
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.
