Leveraged funds turn net short CAD, while net long JPY increases – Nomura

Research Team at Nomura, lists down the leveraged funds’ / asset managers’ net long positioning balance breakdown of major currencies for the week ended 27 September.

Key Quotes

“JPY: According to IMM data for the week ended 27 September, leveraged funds’ net long positioning in JPY rose (57 vs. 50% last week). This is the highest level of net long positioning in JPY in the last year. Meanwhile, asset managers’ net short positioning in JPY grew on the week to 18% from 11% in the previous week.

CAD: Leveraged funds’ positioning in CAD switched to net short, after four consecutive weeks of marginal net long positioning (to 37% net short vs. 6% net long last week). This is the highest level of net shorts in CAD since March this year. Asset managers’ net long positioning in CAD remained flat at around 59%.

GBP: Leveraged funds’ net short positioning in GBP rose in the week (to 45% from 22% last week). The highest level of net short GBP positioning in the last year is 61%, which was last seen August. Asset managers’ net short positioning in GBP remained flat at 71%.

NZD: Net long positioning by leveraged funds in NZD rose on the week after falling significantly last week (back to 59% of total leveraged funds’ contracts vs. 42% last week). Asset managers’ net short positioning in NZD rose on the week to 81% vs. 72% in the previous week.”