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Apr 05 - 05:55 PM

RPT - BUZZ-IMM: USD Net Long Rose On EUR, JPY Selling; GBP Spec Long Hits 7-Month High

By Paul Spirgel  —  Apr 05 - 04:15 PM

Repeat with no changes

  • USD net spec G10 long +$2.5bn in Mar 27-Apr 2 period; $IDX +0.51%

  • EUR$ +0.59% in period; specs -14,400 contracts, now long 16,794

  • Despite EUR rise, specs focused on more-dovish ECB 2024 expectations

  • $JPY -0.01%; specs -14,124 contract, now -143,230 as intervention looms

  • Wide US-JP rate spreads favor USD longs despite JP verbal defense by 152

  • GBP$ -0.4% in period, specs +8,244 contracts, largest long since Sept 2023

  • $CAD -0.11%, specs -933 contracts; AUD$ -0.24% specs buy 2,767 on the dip

  • BTC -5.96%, specs +1,235 contracts; bottom-fish on pullback from ATH

Source:
Refinitiv IFR Research/Market Commentary

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