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Forex Flash: CFTC sees market reduces AUD longs - Societe Generale

FXstreet.com (Barcelona) - Sebastien Galy, Senior FX Strategist at Societe Generale has taken a look at last weeks CFTC COT positioning numbers.

He begins by noting that the market reduced AUD longs, increased JPY shorts and reduced EUR short positions. He writes, “Main positions are now long USD with a much more secondary long MXN position (MXN and NZD are large relative to history). On the short side, the market is short JPY and a surprising large amount of CAD, with some smaller GBP and EUR positions. Relative to history, the CAD, GBP and JPY short positions are extreme.”

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Forex: USD/JPY sideways trading at 99.78/80

The USD/JPY has been locked in a sideways consolidation Monday, following an earlier attempt towards 100.00. However, European trading has provided little impetus for the cross to breach this key barrier, and as such the pair is now settling at 99.78/80 at the time of writing.
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