Leveraged funds turn net short JPY – Nomura

Research Team at Nomura, lists down the leveraged funds’ / asset managers’ balance breakdown according to IMM data for the week ended November 22.

Key Quotes

“JPY: Leveraged funds turned net short JPY (12% vs. 7% net long last week) for the first time since January. The highest level of net shorts in the last year was at a level of 71%, which was last seen in December 2015. Asset managers’ net short positioning rose on the week to 16% vs. 6% last week.”

“AUD: Leveraged funds’ net long positions in AUD fell (to 27% vs. 54% last week). The highest level of net long positioning in the past year stands at 67%, which was last seen in April. Asset managers’ positioning turned marginally net short for the first time since February.”

“CAD: Leveraged funds’ net short positioning in CAD rose for the fourth consecutive week (to 61% vs. 52% last week). The highest level of net short positioning in CAD in the last year stands at 80%, which was last seen in February. Similarly, Asset manager’s net long positioning in CAD fell on the week to 39% vs. 41% last week.”

“GBP: Net short positioning by leveraged funds in GBP fell as of Tuesday (38% of total leveraged funds’ contracts vs. 43% last week). The highest level of net shorts in GBP in the last year was 61%, which was in August. Asset managers’ net short positioning in GBP rose on the week to 75% vs. 73% last week.”