USD longs extended significantly, JPY longs cut - BNPP

Research Team at BNP Paribas, lists down the BNP Paribas FX positioning analysis data till 17^th Nov.

Key Quotes

“The FX market has extended long USD positioning significantly, since the US election – it’s now the largest long amongst G10 FX with a score of +20. All five of our USD positioning components show a rise in USD long positioning.”

“JPY long positions have continued to be cut last week, with the score moving to a neutral level of +2. Relative USDJPY positioning has now turned long and is at its highest level since mid-2015.”

“The market has extended its short EUR positioning to a score of -14 this week. The fall in the EUR has led to a sharp fall in the BNPP Trending Indicator.”