Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Yen Bears Cover Positions Amid Risk-Off Sentiment

Published 17/12/2018, 02:03 pm
Updated 06/07/2021, 05:05 pm

Originally published by AxiTrader

The latest CFTC positioning report shows only minor changes in speculative FX positioning. The largest change was seen in yen positioning, where speculators reduced their short positions by 12,000 contracts. The risk aversion in global markets is supporting the Japanese yen slightly, and this has been enough to force some yen bears to cover their positions.

Net positioning as of last week:

Euro short 56k vs short 61k previously

Pound short 42k vs short 40k previously

Yen short 98k vs short 110k previously

Australian dollar short 46k vs short 51k previously

Canadian dollar short 12k vs short 13k previously

New Zealand dollar short 15k vs short 21k previously

Yen

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.