FXStreet (Edinburgh) – Net short positions in both the yen and the franc have increased according to the last CFTC positioning report, noted Khoon Goh, Senior FX Strategist at ANZ.
Key Quotes
“Net short JPY positions rose by USD2.4bn to USD10.5bn”.
“The yuan devaluation sent Asian currencies weaker, including the JPY”.
“Hence, it is not surprising that leveraged funds increased their bearish yen bets as a result”.
“CHF saw the second highest net selling during the week amounting to USD0.5bn, taking overall net short positions to USD1.0bn”.
(Market News Provided by FXstreet)