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USD longs near all time highs - Nomura

FXStreet (Bali) - For the week ended September 23, non-commercial accounts bought $5.1bn worth of USD, bringing positioning to $40.1bn, near all time highs, notes Nomura.

Key Quotes

"For the week ended September 23, non-commercial accounts bought $5.1bn worth of USD. This brought net longs to $40.1bn. This is near the $41.7bn high of May 2013 and the high of $44.9bn in June 2012."

"Non-commercial accounts bought $5.1bn of USD on the week ended Tuesday. This brought positioning to $40.1bn, near all time highs. Our real time estimate suggests specs added a further $4.0bn since Tuesday, brining estimated positioning to $44.1bn. This would be just shy of the all time most net long USD has ever been ($44.9bn on June 5, 2012)."

"JPY was sold to the tune of $2.4bn during the week, which brought positioning back down to -$12.1bn. While positioning has been very negative all year, this is still in the bottom quarter of net positioning for JPY for the past 52 weeks."

"Specs sold $1.3bn of AUD, bringing net longs down to $0.7bn, and an estimated $0.4bn of selling brought net longs further down to $0.4bn. Net longs in AUD have not been this low since April."

"GBP shorts recovered slightly with $0.6bn of buying, but positioning remains short at -$0.1bn. Our estimates show positioning is roughly unchanged since."

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