CFTC Commitments of Traders highlights for the week ending Nov 21, 2017

  • EUR long 95K vs 84K long last week.
  • GBP short 1K vs 4K short last week.
  • JPY short 123K vs 147K short last week
  • CHF short 30K vs 28K short last week.
  • CAD long 45K vs 47K long last week
  • AUD long 40k vs 44K long last week.
  • NZD short 14K vs 12K short last week

Yen shorts were by far the most popular position over the past month but the drop in USD/JPY has caught the market off guard. There is still a major amount of denial in the trade but if the longs are ever forced to cover, there will be a quick move lower.

Overall, bets against the US dollar increased for the first time in eight weeks. That's no surprise given the pain in USD.