Tag Archives: JPY

Leveraged Funds Positioning Data

USD positioning was largely unchanged in the lead-up to the September 17 FOMC meeting.

In the week ahead, investors will be awaiting Tuesday’s data on euro zone private sector activity,

There have been no substantial changes in the aggregated positions since last week except for an increase in the short kiwi position.

With risk events looming traders scaled back one way bets against most currencies,

We think the Yen is temporarily oversold and due for some short covering action.

Like the rest of the non-Dollar currencies, the Yen remains entrenched in a downward motion on the charts.

With the short covering effort this week muted and the Yen trickling back toward the recent lows,

The Yen is oversold and potentially poised to bounce in the event that the US Fed remains on hold.

While the Yen is showing some minor consolidation around a recent spike low,

Leveraged funds decreased their USD exposure for the first time in eight weeks.

In the week ahead, investors will be focusing on the outcome of Wednesday’s Fed policy meeting.

The most substantial change in terms of positioning this week has been the cut in the long AUD, NZD and