26 May 2014
Yen: Specs the least short since Nov 2012 - Nomura
FXStreet (Bali) - For the week ended May 20, positioning in the Japanese Yen futures market shows specs the least net shorts since November 2012.
Key Quotes
"speculative accounts bought $1.3bn JPY, bringing JPY net non-commercial positioning to -$6.6bn, which is the least net short since November 2012. EUR positioning decreased the most on the week with $1.2bn of selling
"Specs sold $1.3bn of JPY on the week, which brought JPY positioning to -$6.6bn. Our real-time estimate shows that there was some selling into Friday's close, however. We estimate new positioning ended the week at -$7.5bn."
"EUR was sold on the week to the tune of $1.2bn, bringing positioning to -$1.6bn. Since July 2013, EUR positioning has only once been more negative."
"MXN and AUD positioning both reached new highs since June of last year at $3.0bn and $1.8bn, respectively. Our real-time indicator suggests speculators continued adding to their MXN positioning, on the other hand, decreased to $1.7bn by Friday‟s close."
Key Quotes
"speculative accounts bought $1.3bn JPY, bringing JPY net non-commercial positioning to -$6.6bn, which is the least net short since November 2012. EUR positioning decreased the most on the week with $1.2bn of selling
"Specs sold $1.3bn of JPY on the week, which brought JPY positioning to -$6.6bn. Our real-time estimate shows that there was some selling into Friday's close, however. We estimate new positioning ended the week at -$7.5bn."
"EUR was sold on the week to the tune of $1.2bn, bringing positioning to -$1.6bn. Since July 2013, EUR positioning has only once been more negative."
"MXN and AUD positioning both reached new highs since June of last year at $3.0bn and $1.8bn, respectively. Our real-time indicator suggests speculators continued adding to their MXN positioning, on the other hand, decreased to $1.7bn by Friday‟s close."