CFTC Positioning report: JPY net shorts receded to one-year lows
These are the main highlights of the CFTC Positioning report for the week ended on June 18:
- Speculators trimmed their short positions to the lowest level since June 16 2018 on the Japanese safe haven on the back of rising geopolitical jitters exclusively on rising US-Iran effervescence. In addition, the likeliness of rate cuts by the Fed has also spurred the preference for riskier assets, all in detriment of JPY.
- The speculative community pushed USD net longs to fresh multi-month tops ahead of the FOMC meeting. The subsequent dovish tilt by the FOMC should impact on the next report, as the event was after the cut-off date.
- EUR net shorts dropped to the lowest level since February 5 despite the ECB showed a clear will to return to rate cuts or QE following its monetary policy meeting.
This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.