Leveraged funds reduce short JPY, and increase short CHF positions – Nomura

Sandeep Kanihama FXStreet Contributor

In the week ending 6 March, leveraged funds continued to reduce JPY short positions, for a fourth consecutive week, notes the research team at Nomura.

Key Quotes

“JPY net short positioning stands at 9% of outstanding contracts, from 20% previously. Meanwhile, leveraged funds scaled back net longs to 47% (from 51%).”

“CHF: Following the Italian election, data suggests leveraged funds increased net short CHF positioning to 23% of outstanding contracts. Asset managers have swung from being positioned 2% net long to 11% net short.”

“GBP: Leveraged funds reduced long GBP positions to 43% of outstanding contracts, from 51% – moving away from the 1y high of 59% net long. Asset managers also added slightly to short positions.”

“EUR: As of last Tuesday, leveraged funds had pulled back EUR net longs slightly to 22% of outstanding contacts, from 27%. Asset managers modestly added to long positions and are now 40% net long.”

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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