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2 Mar 2015
AUD more short, JPY less short - Nomura
FXStreet (Bali) - According to the IMM data for the week ended February 24, non-commercial accounts sold $0.7bn AUD while buying $0.2bn JPY, notes Nomura FX Strategy Team.
Key Quotes
"This brought AUD positioning to -$4.9bn, the most net short AUD has been in a year. JPY positioning increased to -$5.0bn, the least net short JPY has been since November 2012. Both continued to extend these trends through Friday according to our real time estimator, with AUD positioning finishing the week at -$5.0bn and JPY positioning at -$4.7bn."
"CAD shorts continued to increase, with $0.2bn of selling on the week .This brought positioning in CAD to -$2.9bn, the most net short CAD has been since early May 2014. Shorts decreased marginally to -$2.8bn by Friday’s close."
"GBP shorts continued to be cut on the week with $0.7bn of buying on the week ended Tuesday. This brought net shorts to -$2.1bn, the least net short GBP has been thus far in 2015. Real time estimates suggest positioning fell back to -$2.5bn by Friday’s close again, however."
"USD longs were cut by $1.1bn on the week. Dollar longs are now the lowest since the end of 2014, with positioning at $49.2bn."
Key Quotes
"This brought AUD positioning to -$4.9bn, the most net short AUD has been in a year. JPY positioning increased to -$5.0bn, the least net short JPY has been since November 2012. Both continued to extend these trends through Friday according to our real time estimator, with AUD positioning finishing the week at -$5.0bn and JPY positioning at -$4.7bn."
"CAD shorts continued to increase, with $0.2bn of selling on the week .This brought positioning in CAD to -$2.9bn, the most net short CAD has been since early May 2014. Shorts decreased marginally to -$2.8bn by Friday’s close."
"GBP shorts continued to be cut on the week with $0.7bn of buying on the week ended Tuesday. This brought net shorts to -$2.1bn, the least net short GBP has been thus far in 2015. Real time estimates suggest positioning fell back to -$2.5bn by Friday’s close again, however."
"USD longs were cut by $1.1bn on the week. Dollar longs are now the lowest since the end of 2014, with positioning at $49.2bn."