CFTC speculators
Dollar yen “speculators unexpectedly overbought yen 💦 first time in 3 years and 5 months” #CFTC #IMM
Announced 8/16 speculators' circle positions as of 8/13 (last week)
・Buying goods 87,101 (66,169) ← high level since 16/10 ⚠️
・Sales 63,997 (77,523)
⇒Discounted 23,104 yen oversale (-11,354 oversale)
The flow of speculator positions
7/2 0.18 million4223 yen sales, second highest historical yen sales level in the past
8/18 0.02 million3104 yen purchase over yen since March '21
⇒Sudden change of over 0.2 million cards in 1 month and a half 💦
The dollar and yen also fluctuated rapidly
7/3 161.96 yen high for the first time in 38 years
8/5 141.68 yen crashed 20 yen in 1 month 😱
⇒The movements of speculators have an effect 🌀
IMHO
Did speculators go from selling too much yen to buying over yen? 💦
last week
Concerns about the US recession, such as US retail sales, have receded
There is also a possibility that the speculator's position was too inclined to buy yen this time, and the dollar and yen rose rapidly due to short cover
hereafter
The development of searching for a place of calm between the dollar and yen
Announced 8/16 speculators' circle positions as of 8/13 (last week)
・Buying goods 87,101 (66,169) ← high level since 16/10 ⚠️
・Sales 63,997 (77,523)
⇒Discounted 23,104 yen oversale (-11,354 oversale)
The flow of speculator positions
7/2 0.18 million4223 yen sales, second highest historical yen sales level in the past
8/18 0.02 million3104 yen purchase over yen since March '21
⇒Sudden change of over 0.2 million cards in 1 month and a half 💦
The dollar and yen also fluctuated rapidly
7/3 161.96 yen high for the first time in 38 years
8/5 141.68 yen crashed 20 yen in 1 month 😱
⇒The movements of speculators have an effect 🌀
IMHO
Did speculators go from selling too much yen to buying over yen? 💦
last week
Concerns about the US recession, such as US retail sales, have receded
There is also a possibility that the speculator's position was too inclined to buy yen this time, and the dollar and yen rose rapidly due to short cover
hereafter
The development of searching for a place of calm between the dollar and yen
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