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COT Report: Traders Boost Yen Longs, Add to Aussie and Loonie Shorts

Yen bulls return as traders lift net-long exposure, while the Australian and Canadian dollars see deeper shorts. Gold positioning remains steady near neutral.

Written by
Matt Simpson
Matt Simpson

Market Analyst

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The latest Commitment of Traders (COT) report shows shifting sentiment across major currencies, commodities, and indices. Traders increased bullish exposure to the Japanese yen while extending short bets against the Australian and Canadian dollars. The U.S. dollar saw a modest uptick in net shorts, and precious metals positioning remains broadly stable.

 

Asset Managers and Large Specs Adjust Positions Across FX and Commodities

Commitment of Traders (COT) chart showing large speculator positioning as a percent rank across major currencies, commodities, and indices. Data highlights that AUD, CAD, and GBP remain near range lows, while JPY, gold, and bonds sit near range highs, indicating bearish sentiment toward risk currencies and strong defensive positioning in safe havens. Source: CME, LSEG.Bar chart showing large-speculative positioning as a percentage of open interest for key futures markets including major FX pairs, gold, silver, crude oil, equity indices, volatility index, and U.S. bonds. AUD, CAD, and NZD remain heavily net-short, while gold, equities, and bond futures show strong net-long bias. Source: CME, LSEG.

Chart prepared by Matt Simpson - data source: CME, IMM, LSEG

 

Weekly Commitment of Traders (COT) Report Highlights:

  • US Dollar (USD): Traders increased their net-short exposure to the US dollar by $0.85 billion last week to $-9.9 billion
  • European dollar (EUR): Net-long exposure fell to a 12-week low among large speculators
  • British pound (GBP): Traders were on the cusp of flipping to net-long exposure, with a net-short exposure of just -1.9k contracts
  • Japanese yen (JPY): Net-long exposure rose 18k contracts, with gross-longs rising 14.3k contracts (9.1%) and shorts declining -3.3k contracts (-3.4%)
  • Australian dollar (AUD): Net-short exposure increased by 8.4k contracts
  • Canadian dollar (CAD): Net-short exposure rose to a 24-week high
  • Swiss franc (CHF): Traders reduced net-short exposure to a 10-week low
  • New Zealand dollar (NZD): Large speculators increased their net-short exposure to a 15-week high
  • Gold (GC): Net-long exposure was effectively flat among large specs and managed funds, neither of which are at a sentiment extreme
  • Silver (SI): Net-long exposure increased by a mere 738 contracts to 52.3 contracts among large specs
  • Crude Oil (WTI): Managed funds reduced net-long exposure by -4.2k contracts to 26.4k contracts, its second weakest level in 17-years

 

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-- Written by Matt Simpson

Follow Matt on Twitter @cLeverEdge

 

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