Since Monday, August 24, positioning has shifted. The largest short is in AUD; in the majors, the largest long is still in USD.
EUR positioning moved deeper into neutral territory from short. Over the past week, non-commercial IMM accounts, Japanese retail, and global macro hedge funds were all buyers.
There was very large JPY buying by non-commercial IMM accounts and global macro hedge funds. Positioning is moving towards long territory.
AUD short positioning continues to grow. All of our sub components showed AUD selling last week.
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