According to the Commitments of Traders report released by the U.S. Commodity Futures Trading Commission (CFTC), net short yen positions against the U.S. dollar held by non-commercial traders such as hedge funds contracted by approximately 70% in one week following the yen-buying intervention by the government and the Bank of Japan. The article presents the figures before and after the intervention and the changes between them.
According to data released by the U.S. CFTC as of the 4th, net short yen positions against the U.S. dollar held by non-commercial traders stood at 45,473 contracts, with the size of the net short position shrinking significantly following the intervention. Reports indicate that the net short position narrowed substantially after the intervention.
For comparison, the pre-intervention level was reportedly 163,412 contracts as of 28 July, while the post-intervention figure fell to 117,939 contracts. This represents a week-on-week contraction of approximately 72%.
As this is a subscription-only article, the text does not include additional information on the background to the intervention or the outlook.