Leveraged Funds’ net short JPY positioning continued to decline – Nomura

According to IMM data for the week ended 04 April, leveraged funds’ net short JPY positions continued to fall for the second consecutive week (to 2% vs. 15% last week) notes research team at Nomura.

Key Quotes

“This is the lowest level of net short JPY positions since November 2016, when the market was marginally net long. Asset managers’ net short positioning in JPY fell to 37% vs. 40% last week.”

“EUR: Leveraged funds’ net short positioning in EUR rose after declining for three consecutive weeks (to 40% vs. 36% last week). Max net shorts in the last year stands at 75%, which was last seen in August 2016. Asset managers’ net long positioning in EUR fell to 26% vs. 28% last week.”

“NZD: Leveraged funds’ net short positioning in NZD grew on the week (to 9% vs. 1% last week). This is the highest level of net shorts in the past year. Net short positioning in NZD by Asset managers’ fell on the week to 78% vs. 80% last week.”

“MXN: Leveraged funds’ net long positions in MXN rose to 14% vs. 7% last week. This is the highest level of net long MXN positioning since May 2016. Asset managers’ net long positioning in MXN rose to 93% vs. 91% in the previous week.”