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COT: Bullish JPY bets reach November 2016 high

Forex
Picture of Ole Hansen
Ole Hansen

Head of Commodity Strategy

Summary:  Speculators boosting their JPY long to a November 2016 high and the first short-covering in GBP since June were two of the highlights in last weeks report. Overall the dollar long stayed close to unchanged.


Saxo Bank publishes two weekly Commitment of Traders reports (COT) covering leveraged fund positions in bonds and stock index futures. For IMM currency futures and the VIX, we use the broader measure called non-commercial.

To download your copy of the Commitment of Traders: Forex report for the week ending August 13, click here.

To download your copy of the Commitment of Traders: Financials report for the week ending August 13, click here.

Speculators kept an almost unchanged dollar long against ten IMM currency futures last week. The $12.4 billion long was close to the average seen during the past seven weeks. Selling of EUR, CAD and AUD was being off-set by the first GBP buying since June.

Biggest change was the 134% jump in the JPY net-long to 25k lots, the highest since November 2016.  
 

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Real money versus leveraged money investors. The breakdown of the open interest in US bond futures

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