Leveraged funds’ short position in JPY almost hits one-year high - Nomura
In the week ended 14 November, leveraged funds' net short positioning in JPY increased to 63%, from 59% the previous week, notes the research team at Nomura.
Key Quotes
“A one-year high of 64% was recorded in late July. In contrast, asset managers’ net short JPY positioning fell to 27%, from 34%.”
“NZD: Leveraged funds increased net short NZD positions to 36%, from 32% the previous week, marking the highest short positioning over the past year. Asset managers’ net short positioning in NZD decreased to 14%, from 56% the previous week.”
“EUR&GBP: Leveraged funds decreased net short EUR positions slightly from 5% to 4%, positioning net short for a third week. The highest level of net short positioning over the past year was 69% in November 2016. Asset managers’ net long EUR positioning continued to hold near 40%. On the other hand, leveraged funds increased net long GBP to 22% from 14% the previous week. A one-year high of 29% was recorded in early October. Asset managers’ net short GBP positioning increased to 65% from 63%.”
“USD: Our BIS volume-weighted proxy shows that leveraged funds’ net long USD positioning was unchanged at 9%, maintaining a net long position for a third week.”
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.
