Futures market speculative positioning data from the CFTC as of the close on Tuesday:
- EUR net short 34K vs short 30K prior
- JPY net short 80K vs short 93K prior
- GBP net short 60K vs short 62K prior
- AUD net long 31K vs long 53K prior
- CAD net short 72K vs short 76K prior
- NZD net long 28K vs long 31K prior
- CHF net long 1K vs short 3K prior
- US Dollar Index longs at 38K vs 38K prior
The market has lost a bit of faith in the short-yen trade but its still at extreme levels. Shaking out a few speculators might add some more fuel for the next leg higher.
The big move was in the Australian dollar this week as speculators bail on fears about China, the global economy and fears about an RBA rate cut.
For more historical data, check out this handy tool.
