Day: June 17, 2017

Specs Cut Euro, Yen, and Aussie Exposure and Do Little Else

The low volatility in the foreign exchange market may be discouraging speculators in a self-reinforcing cycle.  Nearly half the gross positions we track had adjustment of less than 4k contracts.   The short-covering of the yen was the largest speculative adjustment in the CFTC reporting week ending June 13.  The yen bears bought back 10.1k …

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