CFTC commitment of traders: JPY shorts remain the largest spec position.

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Commitment of traders report for the week ending October 9

  • EUR short 16K vs -7K short last week.  Shorts increased by 9K
  • GBP short 61K vs 59K short last week. Shorts trimmed by 2K
  • JPY short 115K vs 114K short last week. Shorts increased 1K
  • CHF short 13K vs 13K short last week. No change in position.
  • CAD short 12k vs 19k short last week. Shorts trimmed by 7K
  • AUD short 73k vs 72k short last week. Shorts increased by 1K
  • NZD short 34K vs 31K short last week. Shorts increased by 3K
  • Prior week’s report 
  • Highlights for the current week:

    • All the major currencies remain short and the dollar long
    • The JPY is the largest short, but little changed from last week. The USDJPY moved lower into the close this week (against the speculative position).  A further erosion of the USDJPY to the downside, could lead to shorts covering. The short is the largest short position since February 2018
    • AUD remained short and saw a little squeeze of the AUDUSD off a floor at 0.70405. 
    • The NZDUSD also squeezed higher against the short position in the currency.

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