🧮Hedge Funds Reflect Carry Trade Positioning: Cable FX Macro
- Rosbel Durán
- Aug 26
- 1 min read
**As seen in Online Tools > IMM Positioning, get full access now!
Leveraged funds showed mixed sentiment across currencies. They increased net short positions in JPY, GBP, CAD, and BRL, suggesting bearish views (possibly due to expectations of weaker economic data or policy divergence). Conversely, they reduced net short positions in CHF, AUD, and NZD, and increased net long in MXN, indicating relative optimism.
Yen saw the largest weekly increase in net short position (-7,948 contracts), potentially reflecting continued carry trade unwind or bets against yen strength amid Bank of Japan policy uncertainty. However, hedge funds turned net long CHF futures last week. Perhaps the franc is not the preferred expression for carry trades at the moment.
Comments