• Market shifts to net short yen 18K compared to net long 10K last week
  • EUR net short 55K vs 53K last week
  • GBP net long 18K vs 20K last week
  • AUD net long 46K vs 38K last week
  • CAD net long 86K vs 94K last week
  • All data is as of the close on Tuesday

When the market shifts, the rule of thumb is to go with it (ie buy USD/JPY).

First time in net negative territory since May.