
Yen Bulls Bruised by BOJ, But Intervention Could Prove Them Right
Yen bulls were caught out by the BOJ, but record futures longs and rising intervention risk could yet prove their positioning well timed.
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Yen bulls were caught out by the BOJ, but record futures longs and rising intervention risk could yet prove their positioning well timed.

US dollar longs held firm into Jackson Hole, while euro, yen and commodity FX positioning diverged ahead of ISM and NFP.

USD weakness, rising CAD demand and renewed JPY shorts shape this week’s COT report ahead of Jackson Hole.

USD longs remain stretched while yen bears retreat for a second week following joint intervention, according to the latest COT report.

US dollar futures longs plunged while yen shorts were slashed, with major shifts also seen in euro, sterling and commodity currency positioning.

Euro and yen bears were caught offside after the FOMC and coordinated US-Japan intervention, while US dollar positioning reached an 11-year extreme.

US dollar bulls strengthened their grip as positioning reached a 10-year high, while bearish bets against the Japanese yen continued to accelerate.

US dollar positioning shows signs of peaking as sterling shorts unwind and commodity-linked currencies rally despite bearish futures positioning.

Japanese yen bears capitulate as USD positioning reaches multi-year extremes. See what the latest COT report signals for EUR/USD, USD/JPY and commodity FX.

US dollar longs climbed to a 17-month high as bearish positioning intensified in the euro, yen and commodity currencies.

The US dollar remained firmly bid as record short bets hit sterling. Meanwhile, positioning in the yen, Aussie and Kiwi hints at emerging sentiment extremes.

US dollar futures positioning hit a 16-month high while speculative yen shorts reached record levels, highlighting a growing divergence in FX sentiment.

Gold is amid one of its weakest June's this century, yet futures traders are slashing bearish bets as 4,000 support comes into focus.
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