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5 Jan 2016
JPY: lowest net short since Oct - Nomura
FXStreet (Guatemala) - Analysts at Nomura noted that according to the IMM data for the week ended December 29, non-commercial accounts sold USD to the tune of $1.0bn, bringing positioning to $36.8bn.
Key Quotes:
"Since Tuesday, USD positioning has not changed, according to our real-time estimate.
JPY shorts decreased by $1.3bn, bringing net positioning to -$1.8bn as of Tuesday. Our real-time estimator suggests net shorts have continued to be cut, bringing positioning to -$0.9bn, according to our real-time estimate, which would be the lowest net short position since October 2015.
EUR shorts decreased marginally by $0.1bn, bringing net positioning to -$21.9bn for the week ended December 29. However, our real-time estimator indicates that shorts increased since then, bringing positioning back to -$22.9bn. • CAD shorts rose by -$0.4bn as of Tuesday, bringing net positioning to -$4.4bn, which is 85% of the highest short level in 2015, which was in August."
Key Quotes:
"Since Tuesday, USD positioning has not changed, according to our real-time estimate.
JPY shorts decreased by $1.3bn, bringing net positioning to -$1.8bn as of Tuesday. Our real-time estimator suggests net shorts have continued to be cut, bringing positioning to -$0.9bn, according to our real-time estimate, which would be the lowest net short position since October 2015.
EUR shorts decreased marginally by $0.1bn, bringing net positioning to -$21.9bn for the week ended December 29. However, our real-time estimator indicates that shorts increased since then, bringing positioning back to -$22.9bn. • CAD shorts rose by -$0.4bn as of Tuesday, bringing net positioning to -$4.4bn, which is 85% of the highest short level in 2015, which was in August."