Forex futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday September 30, 2014:
- EUR net short 137K vs short 142K prior
- JPY net short 121K vs 105K short prior
- GBP net long 3.5K vs short 1K prior
- AUD net short 2K vs long 8K prior
- CAD net short 3K vs long 3K prior
- CHF net short 12.5K vs short 14K prior
- NZD flat vs long 2K prior
- Full report
JPY net position
Some dollar longs are building but I don’t know how anyone could say the trade is even close to “crowded” yet.
