CFTC Position Watch: Yen bears cover positions amid risk-off sentiment

Market Analysis /
17 Dec 2018

The latest CFTC positioning report shows only minor changes in speculative FX positioning. The largest change was seen in JPY positioning, where speculators reduced their short positions by 12,000 contracts. The risk aversion in global markets is supporting the Japanese Yen slightly, and this has been enough to force some JPY bears to cover their positions.

Net positioning as of last week:

EUR short 56k vs short 61k previously

GBP short 42k vs short 40k previously

JPY short 98k vs short 110k previously

AUD short 46k vs short 51k previously

CAD short 12k vs short 13k previously

NZD short 15k vs short 21k previously


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