GBP leads heavy selling while JPY covers shorts

Good Morning. This is your weekly COT Digest. Speculators unwound positions in GBP in size this week. JPY saw the only notable buying side move.

JPY

This marks a flip from long liquidation and new shorts last week. Short covering while still net short, +1.05% of the book. The book is a crowded short versus the prior 52 weeks. Spot did not continue the buying from the report date close to the release close; it moved the other way, -0.1%.

GBP

The heaviest selling of the week: long liquidation and new shorts while still net short, -21.93% of the book. This is a second week of selling. The book is a crowded short versus the prior 52 weeks. Spot continued the selling from the report date close to the release close, -0.1%.

NZD

New shorts while still net short, -15.2% of the book. Spot continued the selling from the report date close to the release close, -0.4%.

CAD

Long liquidation and new shorts while still net short, -6.54% of the book. Spot did not continue the selling from the report date close to the release close; it moved the other way, +0.1%.

AUD

Long liquidation and new shorts while still net short, -5.14% of the book.

CHF

New shorts while still net short, -1.88% of the book.

Broad USD positioning showed new shorts with the index little changed from the report date close to the release close.

EUR saw new shorts while net long and spot continued the selling from the report date close to the release close, -0.1%.

GBP posted the largest move with long liquidation and new shorts while still net short.
JPY flipped to short covering into a crowded short versus the prior 52 weeks.
Spot moved with the GBP flow into the release.

Disclaimer: COT data reflects positioning and sentiment, not trade timing or price predictions.