Speculative accounts trimmed their net euro short position and added to their net yen short position as of July 8, according to U.S. Commodity Futures Trading Commission data, released Friday.
The CFTC’s Commitments of Traders report – non-commercial, futures-only section, excluding options – showed speculators had a net euro short position of -59,265 contracts as of July 8, compared to the prior week’s net short of -60,776 contracts and the net long of +32,551 contracts, seen as per May 6.
The record net euro long was +119,538 contracts seen May 15, 2007, and the record net euro short was -214,418 contracts, seen June 5, 2012.
Spec accounts had a net yen short of -66,375 contracts as of July 8, which compared to last week’s net yen short of -58,686 contracts and the net short of -99,356 contracts seen March 11, which was the largest net yen short since January 21 (-114,961 contracts).
The record net yen short of -188,077 contracts was seen June 26, 2007, and the record net yen long of +65,920 contracts seen March 25, 2008.
The euro closed at $1.3612 and dollar-yen at Y101.57 on July 8, which compared to levels late Friday at $1.3609 and Y101.34.