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CFTC Commitments of Traders – JPY Drifted to NET LENGTH for First Time in Over a Year as Market in Risk- Off Mode

As suggested in the CFTC Commitments of Traders report in the week ended August 6, NET LENGTH in USD Index added +1 046 contracts to 31 329. Speculative long positions added +26 contracts while short positions dropped -1 020 contracts during the week. Concerning European currencies, NET SHORT for EUR futures fell -9 973 contracts to 44 010. NET SHORT for GBP futures rose +12 552 contracts to 102 702. Speculative long positions added +3 349 contracts while speculative shorts jumped +15 901 contracts for the week. On safe-haven currencies, Net SHORT for CHF futures gained +1 943 contracts to 16 431. JPY futures drifted to NET LENGTH of 10 564 contracts during the week. Speculative long positions gained +9 197 contracts while shorts fell -5 582 contracts. This is the first time since June 2018 that JPY futures records NET LENGTH.

On commodity currencies, NET SHORT for AUD futures gained +2 069 contracts to 55 511. Speculative long positions increased +6 864 contracts while shorts rose +8 933 contracts. Separately, NET SHORT for NZD dropped -755 contracts to 11 564 contracts last week. NET LENGTH for CAD futures increased +2 444 contracts to 24 166.

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