In the week ending Tuesday, 31 July, Nomura’s BIS-weighted USD net-long positioning stood near a 1y high at 43%, notes the research team at Nomura.
Key Quotes
“Asset managers have also remained long USD since the beginning of July, with current positioning standing at 4%.”
“JPY: Leveraged funds’ bearish positioning in JPY plateaued at 44%, a slightly drop from 45% last week and the lowest in value terms since January. On the other hand, asset managers maintained their JPY net-shorts at an unchanged 9%.”
“GBP: Leveraged funds slightly decreased net-short positions from 14% of outstanding contracts to 13%, which is still well above the one-year low of 32%. Asset managers kept net-short positioning unchanged at 29% for the third consecutive week.”
“CAD: Leveraged funds’ CAD short positioning fell to 60% net-shorts from the one-year high of 67%. Leveraged funds have maintained CAD net-shorts since March. By contrast, asset managers increased their CAD longs to 10% from 7% the previous week.”
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