NZD leads buying as JPY posts net selling

Good Morning. This is your weekly COT Digest. Speculators added to NZD in size this week. JPY saw selling, but that was the smaller side of the tape.

NZD

The heaviest buying of the week: new longs and short covering while still net short, +14.08% of the book. This is a second week of buying. Spot continued the buying from the report date close (Tue 18 Aug) to the latest price when the report was released (Fri 21 Aug), +1.8%.

CHF

The book is net short, but it still sits as a crowded long versus the prior 52 weeks. New longs and short covering, +9.97% of the book. Spot continued the buying from the report date close (Tue 18 Aug) to the latest price when the report was released (Fri 21 Aug), +1.4%.

CAD

New longs and short covering while still net short, +7.63% of the book. Spot continued the buying from the report date close (Tue 18 Aug) to the latest price when the report was released (Fri 21 Aug), +0.9%.

GBP

New longs while still net short, +0.88% of the book.

JPY

This marks a flip from short covering last week. Long liquidation and new shorts while still net short, -3.48% of the book. Spot did not continue the selling from the report date close (Tue 18 Aug) to the latest price when the report was released (Fri 21 Aug); it moved the other way, +0.4%.

AUD

This is a second week of new shorts. New shorts while still net short, -2.46% of the book. Spot did not continue the selling from the report date close (Tue 18 Aug) to the latest price when the report was released (Fri 21 Aug); it moved the other way, +1.2%.

Broad USD positioning showed long liquidation while the index moved lower.

NZD posted the largest buying of the week through new longs and short covering.
CHF buying occurred into a crowded long versus the prior 52 weeks despite a net short stance.
JPY flipped to long liquidation and new shorts after prior short covering.

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