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