Leveraged fund’s net long AUD and JPY positions reduced - Nomura

Research Team at Nomura, notes that according to the IMM data for the week ended May 03, leveraged funds reduced net long positions in AUD (61% of total leveraged funds’ contracts), after posting a high of 67% last week.

Key Quotes

“JPY: Leveraged funds reduced their net long JPY positions on the week, with the current proportion of net longs at 31%, as of Tuesday this week. The maximum JPY net long positioning in the last year was 43%, which was realised six weeks ago. Asset managers on the other hand saw the proportion of net shorts increase for the second consecutive week to around -15% as of Tuesday.

EUR: Leveraged funds’ net short positions in EUR continued to decline for the seventh consecutive week, while asset managers’ net long position in EUR continued to grow for the third consecutive week to 14%, which is the highest level in the last year.”