Forex futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday, Jan 28, 2014:
- EUR net long 14K vs short 4K prior
- JPY net short 86K vs short 115K prior
- GBP net long 22K vs long 8K prior
- AUD net short 66K vs short 65K prior
- CAD net short 63K vs short 70K prior
- CHF net short 1K vs short 2K prior
- Gold net long 66K vs long 43K prior
It’s the second week in a row that euro positions flip-flopped. Yen shorts have been resilient on every dip this year but they’re showing some fear. The more balanced market is good news if USD/JPY holds 102 and begins to move up.
