NZD leads buying as yen faces selling pressure

Good Morning. This is your weekly COT Digest. Speculators covered shorts in NZD in size this week. JPY posted the largest selling, but that was the smaller side of the tape.

NZD

The heaviest buying of the week: short covering while still net short, +15.87% of the book. This is a second week of short covering. 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, -1.0%.

GBP

New longs and short covering while still net short, +9.05% of the book. This is a second week of new longs and short covering. Spot did not continue the buying from the report date close to the release close; it moved the other way, -0.4%.

CHF

Short covering while still net short, +4.78% of the book. This is a second week of short covering. Spot did not continue the buying from the report date close to the release close; it moved the other way, -0.5%.

CAD

Short covering while still net short, +0.78% of the book.

JPY

The heaviest selling of the week: long liquidation and new shorts while still net short, -8.31% of the book. This marks a flip from new longs last week. The book is a crowded short versus the prior 52 weeks. Spot continued the selling from the report date close to the release close, -0.4%.

EUR

Long liquidation and new shorts while still net short, -6.07% of the book. This marks a flip from new longs last week. The book is a crowded short versus the prior 52 weeks. Spot continued the selling from the report date close to the release close, -0.2%.

AUD

Long liquidation and new shorts while still net short, -4.17% of the book. This is a second week of long liquidation and new shorts. Spot continued the selling from the report date close to the release close, -0.4%.

Broad USD positioning showed new longs and short covering with the index continuing the buying from the report date close to the release close, +0.3%.

NZD short covering stood out as the week's largest move.
JPY flipped to long liquidation and new shorts into a crowded short versus the prior 52 weeks.
EUR also shifted to long liquidation and new shorts.

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