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Traders flipped to net-long VIX, but fell just ‘short’ on yen longs: COT report
Large speculators flipped to net-long VIX exposure for the first time since January 2019. They also flipped to net-short exposure to Dow Jones futures, increasing gross shorts by 22% (2.9k contracts) and reducing longs by -19.4% (-3.8k contracts). Traders clearly sought safe-haven currencies, increasing gross-long exposure to Swiss franc futures by 37% (2k contracts). Large specs were on the cusp of flipping to net-long yen exposure after gross-short exposure plunged by -44% (-61k contracts). Large speculators lightened their exposure to commodity currencies AUD, CAD and NZD – reducing both longs and shorts. They ... (full story)