JPY Longs Rise While Leveraged Funds AUD Longs Shrink - Nomura
Research Team at Nomura, notes that according to the IMM data for the
week ended April 12, leveraged funds continue to ramp up long positions
in JPY (37% of total leveraged funds’ contracts) after flipping to net
long around mid-Jan 2016.
“This is close to the highest proportion for net longs in the last year (which was around 43% 3 weeks ago). Interestingly, asset managers continue to increase their net short position in JPY (-13%), despite having scaled back significantly since the peak in November 2015 (-61%).
AUD: Leveraged funds reduced their net long AUD positions significantly on the week, with the current proportion of net longs at 47% as of Tuesday this week. AUD long positions by leveraged funds posted a 1-year high last week at around 57% .”