JPY leads currency buying while CAD sees selling

Good Morning. This is your weekly COT Digest. Speculators leaned into JPY in size this week. CAD posted net selling, but that was the smaller side of the tape.

JPY

This marks a flip from long liquidation and new shorts last week. New longs and short covering while still net short, +32.23% of the book. Spot did not continue the buying from the report date close to the release close; it moved the other way, -0.5%.

NZD

The book is a crowded short versus the prior 52 weeks. Short covering, +10.54% of the book. Spot did not continue the buying from the report date close to the release close; it moved the other way, -0.4%.

AUD

This marks a flip from new shorts last week. New longs and short covering while still net short, +3.86% of the book. Spot did not continue the buying from the report date close to the release close; it moved the other way, -0.2%.

GBP

Short covering while still net short, +3.73% of the book.

EUR

Short covering while still net short, +2.98% of the book.

CAD

The book is a crowded short versus the prior 52 weeks. Long liquidation, -1.26% of the book. Spot did not continue the selling from the report date close to the release close; it moved the other way, +0.3%.

Broad USD positioning showed short covering while net long. Index did not continue the buying from the report date close to the release close; it moved the other way, -0.3%.

CHF added new longs while still net short, +1.19% of the book. Spot did not continue the buying from the report date close to the release close; it moved the other way, -0.4%.

JPY posted the largest move with new longs and short covering while still net short.
This marks a flip from long liquidation and new shorts last week in JPY.
CAD saw long liquidation into a crowded short versus the prior 52 weeks.

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