This report analyses the performance of non-commercial positioning in FX futures on the Chicago Mercantile Exchange, valuing market sentiment in search of any extreme levels that could represent a risk of significant changes in the spot market.
JPY net longs increased by USD2.4bn in the week ended 15 April to reach USD15.0bn. This represents a further increase from the already record levels the week prior and comes as investors continue to look for safe haven alternatives to the USD.
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