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JPY longs rise, EUR shorts cut - Nomura

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Bali) - As Nomura notes, according to the IMM data for the week ended Jan 12, non-commercial accounts bought JPY to the tune of $2.3bn, highest positive positioning since October 2012.

    Key Quotes

    "Our real time estimator suggests that a further $0.5bn was bought since Tuesday, bringing the estimated net longs to $3.2bn."

    "USD longs were cut a further -$3.0bn on the week, with net longs at $31.5bn as of Tuesday, albeit recovering to $33.1bn as of Friday’s close, which constitutes a recovery of $1.6bn since."

    "EUR short positions were cut by $1.7bn for the week ended January 12, bringing net shorts to -$19.9bn. This is the lowest level of EUR shorts since November 2015. Our real-time estimate suggests that a further $0.3bn was cut since, bringing our estimate for positioning as of Friday’s close to -$19.6bn."
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