🧮Leveraged Funds Caught Extended Short Yen: Cable FX Macro
- Rosbel Durán
- Dec 7, 2023
- 1 min read
**As seen in IMM Positioning report 12/01/23, subscribe at cablefxm.co.uk/reports
Data provided by the CFTC showed leveraged funds standing net short yen. The bearish position was trimmed marginally and left the % of open interest at -16.8%, this is the lowest since October 24. Despite the pullback in bearish yen bets, our calculation shows hedge funds stretched as the position is slightly below the 5-year standard deviation band
Our broad dollar position tracker showed leveraged funds trimming the dollar net long. All of our watchlist is short vs the dollar except for sterling and the franc, the latter saw an increased of bullish bets this week
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