Japanese Yen Large Futures Trader Contracts decline to two month low

By CountingPips.com

JPY: Japanese yen speculative contracts declined last week to the lowest level in about two months. Japanese yen positions decreased to a total of -73,351 net contracts reported on March 5th following a total of -65,344 net short contracts on February 26th.

Yen positions are at their lowest point since January 8th when short positions equaled +74,096 contracts.

 

JPY

 

Currency Futures Contracts Data: Non-Commercial Large Traders

March 5th: Long Positions = 50,958, Short Positions = 124,309, Net Total = -73,351

February 26th: Long Positions =  51,998, Short Positions = 117,342, Net Total = -65,344

 


 

The Commitment of Traders report is published every Friday by the Commodity Futures Trading Commission (CFTC) and shows futures positions data that was reported as of the previous Tuesday (3 days behind).

Each currency contract is a quote for that currency directly against the U.S. dollar, a net short amount of contracts means that more speculators are betting that currency to fall against the dollar and a net long position expect that currency to rise versus the dollar.

(The graphs overlay the forex spot closing price of each Tuesday when COT trader positions are reported for each corresponding spot currency pair.)

 

Article by CountingPips.comForex News & Market Analysis

 

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