Home / Blog / Market Analysis / CFTC Position Watch - JPY positioning switches back to long; EUR bulls show resilience

CFTC Position Watch - JPY positioning switches back to long; EUR bulls show resilience

Market Analysis /
Milan Cutkovic / 18 Jun 2018

The latest CFTC report shows that there were only minor changes in speculative FX positioning.

EUR net positioning stood at 88k long vs 89k in the previous week. The resilience of the Euro bulls is quite impressive, especially when taking into consideration that EUR/USD has declined roughly 1000 pips in the past few months. The currency pair has found support at 1,15 USD, but it does look fragile.

EUR
EUR

Long positioning in GBP jumped from 7k to 11k.

GBP
GBP

Meanwhile, JPY sellers are becoming frustrated. USD/JPY is struggling to gain momentum, despite the strong Dollar. Risk-off sentiment and concerns about a potential trade war are keeping the Yen bid. Net positioning switched from 3k short to 5k long.

JPY
JPY

No significant changes were seen in commodity currencies:

  • AUD 15k short vs 20k short previously
  • CAD 15k short vs 16k short previously
  • NZD 7k long vs 4k long previously
AUD
AUD

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