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JPY net longs extended – Deutsche Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Research Team at Deutsche Bank, notes that the IMM data showed that there has been modest decline in the overall USD long dollar exposure during the last week.

    Key Quotes

    “Implied USD positions as a percentage of open interest decreased from 32% to 31%. Sentiment in JPY improved over the previous week as investors significantly extended net longs. Investors trimmed their net shorts in EUR and CAD, while extending their net shorts in MXN and AUD. Elsewhere, bullish positioning in CHF and NZD decreased marginally.

    According to the Traders in Financial Futures report, leveraged funds have trimmed their implied USD longs significantly, while asset managers have added marginally, consistent with ongoing portfolio outflows from the Eurozone.

    Leveraged funds pared large amount of shorts from EUR, but extended their net shorts in GBP, CAD, AUD and MXN. Notably, net positions held by leveraged funds in JPY flipped to net longs from net shorts. On the other side, asset managers marginally pared their shorts in JPY, CAD, AUD and NZD, while extending their net shorts in EUR and GBP.”
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