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Weekly COT Report: Yen Traders Flip To Net-Short
Traders increased net-long exposure on USD by $2.1 billion to $20.4 billion, their most bullish stance in 17 weeks (up $2.1 billion to $23.3 billion against G10) • Large speculators flipped to net short on the Japanese yen • The largest weekly change among FX majors was the yen, which saw traders close -6.4k long and add +11.3k short contracts • The commodity FX divergence continues, with traders adding to CAD long exposure and increasing net-short exposure to AUD and NZD. DXY: Large speculators reduced net-log exposure on the US dollar index for two consecutive weeks up to last Tuesday. And that was ahead of ... (full story)