Leveraged Funds’ net short JPY positions fell while net short GBP positions rose – Nomura
Analysts at Nomura lists down the leveraged funds’ / asset managers’ balance breakdown according to IMM data for the week ended 10 January.
Key Quotes
“JPY: Leveraged funds’ net short JPY positions fell for the first time in two weeks (52% vs. 60% last week).The highest level of net shorts in JPY in the last year was 60%, which was seen last week. Asset manager’s net short positioning in JPY remained steady on the week at 45%.”
“GBP: Leveraged funds’ net short positioning in GBP rose significantly on the week (to 53% vs. 43% last week). The highest level of net short positioning in GBP in the last year was 61%, which was last seen in August. Asset managers’ net long positioning in GBP remained flat but on a falling trend at around 75%.”
“AUD: Leveraged funds’ net short positioning in AUD rose markedly on the week (to 32% vs. 17% last week). The highest level of net long positioning in AUD in the last year was 48%, which was last seen in January 2016. Asset managers’ net short positioning in AUD fell to 30% vs. 59% in the previous week.”
“MXN: Leveraged funds’ net short positions in MXN continued to fall for the third consecutive week (to 60% vs. 63% last week). The highest net short positioning in the last year was 77%, which was last seen in October. Asset managers’ net long positioning remained stable at around 77%.”
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.
