-
FX Futures Positioning: US Dollar Rebound Stalls as Yen Bears Return | COT Report
Dollar longs continued to rise while traders aggressively rebuilt bearish yen exposure as confidence in a smooth BOJ tightening cycle faded. COT report shows rising US dollar longs, surging yen shorts, softer AUD/USD sentiment and fading Bank of Canada hike expectations. Currency futures traders continued to favour the US dollar last week, although bullish momentum appears less convincing after the dollar’s rebound stalled beneath key resistance levels. Meanwhile, futures positioning data showed traders aggressively rebuilding bearish exposure to the Japanese yen as confidence in a smooth BOJ tightening cycle ... (full story)