19 Jan 2015
JPY sentiment bearish, AUD bearish sentiment stabilising – Scotiabank
FXStreet (Barcelona) - The Research Team at Scotiabank, shares the FX positioning data as on 13th January, noting that JPY sentiment remains bearish with net shorts increasing to $0.5bn while AUD bearish sentiment appears to be stabilizing, narrowing for the first time in 4 weeks.
Key Quotes
“The net long USD position rose this week to $49bn, almost at the highs recorded in November. Most week-over-week changes were immaterial, though there was a notable build in the net short GBP and EUR positions.”
“Traders are increasing their bearish bets against EUR and GBP to -$25bn and -$3.5bn, respectively. This brings the net short GBP position to the widest level in 15 months.”
“Bearish sentiment toward CAD is relatively modest with a $1.8bn net short position, and investors do not appear to have captured much of the recent decline in the exchange rate.”
“For AUD, bearish sentiment appears to be showing signs of stabilization, narrowing for the first time in four weeks — to a net short $3.7bn position.”
“JPY sentiment is bearish, with the net short widening a modest $0.5bn w/w to $10.0bn. Investors have pared back risk on both sides, and we note that the bearish position has remained relatively range bound over the past year.”
Key Quotes
“The net long USD position rose this week to $49bn, almost at the highs recorded in November. Most week-over-week changes were immaterial, though there was a notable build in the net short GBP and EUR positions.”
“Traders are increasing their bearish bets against EUR and GBP to -$25bn and -$3.5bn, respectively. This brings the net short GBP position to the widest level in 15 months.”
“Bearish sentiment toward CAD is relatively modest with a $1.8bn net short position, and investors do not appear to have captured much of the recent decline in the exchange rate.”
“For AUD, bearish sentiment appears to be showing signs of stabilization, narrowing for the first time in four weeks — to a net short $3.7bn position.”
“JPY sentiment is bearish, with the net short widening a modest $0.5bn w/w to $10.0bn. Investors have pared back risk on both sides, and we note that the bearish position has remained relatively range bound over the past year.”