Currency speculative traders' positions Yen Euro AUD

In the foreign exchange market, there are a variety of participants. Each moves for their own reasons, and as supply and demand balance is formed, speculative traders disrupt that balance and create market fluctuations.

However, now there is no fundamental balance of supply and demand to begin with, and it feels like everyone is moving in one direction. When this happens, even if you read the movements of speculative traders, the market’s future direction is hard to predictable.

With that premise, let’s look at the positions of speculative traders.

Yen/Dollar(In the futures market, it is Yen/Dollar, not Dollar/Yen.

It is clear that the power of the speculative traders is weakening.

In the long term