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CFTC Position Watch: Speculators Increase Bearish Bets on JPY as Risk Appetite Improves

Market Analysis /
23 Apr 2019

The CFTC recently released its most recent positioning report for large speculators.


Speculators remain heavily short the Euro - but reduced their exposure slightly (98k short vs. 102k short in the previous week). The recent weeks have been frustrating for EUR bears, as the currency´s performance is not that poor considering the dovish comments from the ECB and series of disappointing economic data out of the Eurozone.

Source: AxiTrader
Source: AxiTrader

British Pound

The uncertainty around Brexit is unlikely to disappear in the coming months, and speculators are not rushing to take a side either. Net positioning stands at 1k short, compared to 7k short in the previous week.

Japanese Yen

The rally in equity markets and rising risk appetite is increasing the pressure on the currency, and this is reflected in the positioning report. Net positioning is at 87k short, an increase of 15k from the previous week.

Commodity Currencies

AUD short 47k vs. 54k short previously
CAD short 49k vs. 43k short previously
NZD short 3k vs. 1k short previously

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