© Stocksak. FILE PHOTO : Signage seen outside the US Commodity Futures Trading Commission in Washington, D.C. U.S.A., August 30, 2020. REUTERS/Andrew Kelly
By SaqibIqbal Ahmed
NEW YORK (Stocksak), -Speculators’ net long positions on the U.S. Dollar edged higher in week 2, according to Stocksak calculations and U.S. Commodity Futures Trading Commission data, released Friday.
The value of the net short dollar position was $10.21 Billion for the week ending Oct. 18, compared to $9.33 Billion last week.
U.S. Dollar positioning was derived by net contracts of International Monetary Market traders in the Japanese, euro, British, Swiss, and Canadian yens.
CFTC data also showed that the Japanese yen’s net shorts increased to 94,336 contract in the most recent week, the largest short position since May. The yen has been the most affected against the dollar of all major currencies. This is because the Bank of Japan remains the only central banking institution that is not in a tightening phase. The yen has fallen by almost 22% against the dollar in this year’s exchange.
Japanese authorities likely intervened in markets to stem the slide of the country’s battered currency on Friday, market participants said, following an unexpected jump in the yen against the dollar.
Japanese Yen (Contracts up to 12,500,000 yen).
18 October 2022 Prior Week
Week
Long 30,583 30,149
Short 124,919
Net -94 336 -77 393
EURO (Contracts up to 125,000 euros)
18 Oct 2022 Prior Week
Week
Long 202 703 196,136
Short 154,553 158.637
Net 48,150 37.499
POUND STERLING (Contracts for 62,500 Pounds Sterling)
18 October 2022 Prior Week
Week
Long 40,328 48.979
Short 91 539 88,149
Net -51.211-39.170
SWISS FRANC (Contracts up to 125,000 Swiss francs
18 Oct 2022 Prior Week
Week
Long 7,052 5501
Short 14,138 11,391
Net -7.086 -5.890
CANADIAN DOLLAR (Contracts for 100,000 Canadian Dollars)
18 October 2022 Prior Week
Week
Long 35,384 Long 32,476
Short 55,957, 58,148
Net -20.573 -25.672
AUSTRALIAN DOLLAR (Contracts over 100,000 Dollars)
18 October 2022 Prior Week
Week
Long 33,046 293,325
Short 68.405 60.596
Net -35.359 -31.271
MEXICAN PESO (Contracts for 500,000 pesos).
18 Oct 2022 Prior Week
Week
Long 133,432 120 2,239
Short 155,726 153.893
Net -22.294 -33.654
NEW ZEALAND DOLLAR (Contracts for 100,000 New Zealand Dollars)
18 October 2022 Prior Week
Week
Long 10,328 11,894
Short 28,773 30,936
Net -18.445 -19.042
