Leveraged funds’ net long JPY and net short CAD rose, while net short EUR fell – Nomura

Research Team at Nomura, notes that according to IMM data for the week ended 16 August, leveraged funds’ net short positioning in EUR fell for the first time in six weeks (to 71% vs. 75% last week).

Key Quotes

“Last week we saw the highest net short positioning in the past year. Asset managers’ net long positioning in EUR inched down slightly to around 12%.

JPY: Leveraged funds’ net long positioning in JPY rose for the second consecutive week as of Tuesday (to 42% vs. 36% last week). The highest net long positioning in JPY in the past year stands at 56%, which was last seen in July. Asset managers’ net short positioning in JPY continued to decline for the second consecutive week to 8.6%.

CAD: Leveraged funds’ net short positioning in CAD rose significantly on the week (to 18% from 1% last week). On the other hand, asset managers’ net long positioning in CAD rose for the second consecutive week, to 73%.

NZD: Net long positioning by leveraged funds in NZD rose on the week (to 70% of total leveraged funds’ contracts vs. 67% last week). Net long positioning continues to hover around the 1-year high (73%, which was reached in July). On the other hand, asset managers’ net short positioning in NZD increased on the week to -75%.”