Speculative IMM yen short positions decrease! Yet they remain at a high level!
The latest IMM positions as of 11/21 have been announced.
The yen is net short122,602shares short
From the previous 11/14 of135,999shares short13,397less.
Since the dollar/yen rate on the 21st was still in the 112 yen level, and considering that yen appreciation has continued from there,
the current IMM yen short position seems to have decreased a little more.
However, since IMM yen short positions remain at a high level,
if there is any catalyst that triggers a reversal, a tremendous yen-strengthening trend could emerge.
When President Trump was elected at the end of last year, the yen long position
rapidly reversed into yen shorts, which then produced a tremendous yen depreciation trend.
There are no major events expected for the rest of the year, but with the North Korea issue being relatively quiet lately,
it is a situation we should not let our guard down about.While writing this, news of North Korea missile launches! 3:30 AM
I was merely watching the 2-yen surge in the pound/yen followed by a 1-yen drop...
Blog here; added a chart analysis category.
To those who wish to win in FX trading ~ The Path to Becoming a Consistent Winning Trader ~
The yen is net short122,602shares short
From the previous 11/14 of135,999shares short13,397less.
Since the dollar/yen rate on the 21st was still in the 112 yen level, and considering that yen appreciation has continued from there,
the current IMM yen short position seems to have decreased a little more.
However, since IMM yen short positions remain at a high level,
if there is any catalyst that triggers a reversal, a tremendous yen-strengthening trend could emerge.
When President Trump was elected at the end of last year, the yen long position
rapidly reversed into yen shorts, which then produced a tremendous yen depreciation trend.
There are no major events expected for the rest of the year, but with the North Korea issue being relatively quiet lately,
it is a situation we should not let our guard down about.While writing this, news of North Korea missile launches! 3:30 AM
I was merely watching the 2-yen surge in the pound/yen followed by a 1-yen drop...
Blog here; added a chart analysis category.
To those who wish to win in FX trading ~ The Path to Becoming a Consistent Winning Trader ~
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