IMM speculators ups short position on yen

08 Apr, 2007

Currency speculators raised their net short position on the low-yielding Japanese yen and Swiss franc, data from the Commodity Futures Trading Commission showed on Friday.
Speculators in currency futures on the Chicago Mercantile Exchange also boosted their long positions on sterling and trimmed net short position on the US dollar in the week to April 3, according to the CFTC data.
The total net short dollar position in the latest week was around $16.8 billion, from a net short of $18.35 billion the previous week, according to Reuters calculations. The net dollar position is derived from the net positions of International Monetary Market speculators in yen, euro, British pound, Swiss franc and Canadian and Australian dollars.

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