Forex futures market speculative positioning data from the CFTC Commitmentsof Traders report as of the close on Tuesday June 2, 2015
- EUR net short 165K vs. short 172K prior
- JPY net short 86K vs. short 62K prior
- GBP net short 26K vs. short 26K prior
- AUD net short 13K vs long 6K prior
- CAD net short 1K vs long 4K prior
- CHF net long 8K vs. long 8K prior
In two weeks, the yen net short rose to 86K from 22K. That's a remarkable pace and show's the market is extremely enthusiastic about USD/JPY longs -- even moreso after today's non-farm payrolls report.
Everyone piled back into yen shorts
I think there is still plenty of room to run in USD/JPY longs and even chasing here is a good medium-term trade.
