
FX Futures Positioning: USD Falls, CAD Strengthens, JPY Shorts Return | COT Report
USD weakness, rising CAD demand and renewed JPY shorts shape this week’s COT report ahead of Jackson Hole.
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USD weakness, rising CAD demand and renewed JPY shorts shape this week’s COT report ahead of Jackson Hole.

USD longs remain stretched while yen bears retreat for a second week following joint intervention, according to the latest COT report.

US dollar futures longs plunged while yen shorts were slashed, with major shifts also seen in euro, sterling and commodity currency positioning.

US dollar bulls strengthened their grip as positioning reached a 10-year high, while bearish bets against the Japanese yen continued to accelerate.

US dollar positioning shows signs of peaking as sterling shorts unwind and commodity-linked currencies rally despite bearish futures positioning.

Japanese yen bears capitulate as USD positioning reaches multi-year extremes. See what the latest COT report signals for EUR/USD, USD/JPY and commodity FX.

US dollar longs climbed to a 17-month high as bearish positioning intensified in the euro, yen and commodity currencies.

The US dollar remained firmly bid as record short bets hit sterling. Meanwhile, positioning in the yen, Aussie and Kiwi hints at emerging sentiment extremes.

US dollar futures positioning hit a 16-month high while speculative yen shorts reached record levels, highlighting a growing divergence in FX sentiment.

Gold is amid one of its weakest June's this century, yet futures traders are slashing bearish bets as 4,000 support comes into focus.
Commodity currencies continued to feel the heat of the Trump trade, while asset managers stepped away from stocks in a month usually associated with strong gains. Gold seems likely to remain supported in the current environment, but for now we seem to be in a holding pattern waiting for fresh catalysts to kick off 2025.