CAD leads selling as JPY and GBP cover shorts

Good Morning. This is your weekly COT Digest. Speculators added new longs and covered shorts in JPY this week. CAD posted the largest move on the selling side.

JPY

This marks a flip from long liquidation and new shorts last week. New longs and short covering while still net short, +8.27% 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, -0.2%.

GBP

New longs and short covering while still net short, +8.07% of the book. This is a second week of buying. Spot continued the buying from the report date close to the release close, +0.4%.

CHF

New longs while still net short, +2.81% of the book. Spot continued the buying from the report date close to the release close, +0.2%.

CAD

The heaviest selling of the week: long liquidation and new shorts while still net short, -9.84% of the book. This is a second week of selling. Spot did not continue the selling from the report date close to the release close; it moved the other way, +0.2%.

AUD

Long liquidation and new shorts while still net short, -4.01% of the book. Spot did not continue the selling from the report date close to the release close; it moved the other way, +0.2%.

EUR

Long liquidation and new shorts while still net short, -3.68% of the book. This marks a flip from net long last week. Spot did not continue the selling from the report date close to the release close; it moved the other way, +0.2%.

NZD

Long liquidation and new shorts while still net short, -2.21% of the book.

Broad USD positioning showed short covering with little net change. The index did not continue the buying from the report date close to the release close; it moved the other way, -0.2%.

CAD posted the largest net selling of the week through long liquidation and new shorts.
JPY flipped back to buying into a crowded short versus the prior 52 weeks.
EUR flipped from net long to net short.

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