Forex futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday, Feb 4, 2014:
- EUR net short 13K vs long 14K prior
- JPY net short 77K vs short 86K prior
- GBP net long 10K vs long 22K prior
- AUD net short 56K vs short 66K prior
- CAD net short 60K vs short 63K prior
- CHF net long 2K vs short 1K prior
That’s the second week in a row that euro traders have been wrong-footed. The specs keeps flipping and the market goes the other way. There are some very frustrated futures traders out there.
Otherwise, the paring of yen shorts leaves room for USD/JPY to move up.