4 Nov 2013
Flash: Specs sold USD, JPY vs EUR - Nomura
FXstreet.com (Barcelona) - CFTC released positioning data last Friday for the week ending October 22, with the most important highlights, as reported by Nomura, being "the $1.6bn of JPY selling, bringing net shorts to -$9.2bn, and -$2.3bn of USD selling, bringing net shorts to -$4.8bn, while on the other side, EUR $2.3bn of longs were added to, bringing net longs to $12.5bn."
Key Quotes
"JPY shorts increased by -$1.6bn on the week, one of the most significant weeks of JPY selling in the past few months. Since May 1, there has only been one week of more significant JPY selling (-$1.8bn the week ending September 10)."
"USD selling continued on the week with $-2.3bn of additional net shorts. This brings USD net shorts to -$4.8bn, the most net short since February 12."
"Specs continued to buy EUR, increasing the net longs by $2.3bn to $12.5bn. Specs have only been more net long EUR one week since 2007 ($18.5bn on May 3, 2011). Our real time indicators show that this net long position has continued to increase to $16.3bn by November 1."
Key Quotes
"JPY shorts increased by -$1.6bn on the week, one of the most significant weeks of JPY selling in the past few months. Since May 1, there has only been one week of more significant JPY selling (-$1.8bn the week ending September 10)."
"USD selling continued on the week with $-2.3bn of additional net shorts. This brings USD net shorts to -$4.8bn, the most net short since February 12."
"Specs continued to buy EUR, increasing the net longs by $2.3bn to $12.5bn. Specs have only been more net long EUR one week since 2007 ($18.5bn on May 3, 2011). Our real time indicators show that this net long position has continued to increase to $16.3bn by November 1."