Day ahead in the FX market, Monday December 3rd
- EUR/JPY opens slightly lower, trading at 106.90 in early Asia after closing on Friday at 107.10:
- Weekend Chinese PMI data came in exactly on expectations:
- Latest IMM data shows a sharp increase in Yen shorts:
- Australian retail sales and more Chinese PMI data are highlights on economic calendar:
- EUR/JPY: Level to watch on downside is 106.50 from where we had impulsive moves on Friday:
- AUD/USD: Still range-bound, broadly between 1.0360/1.0510 ahead of RBA tomorrow:
Hi Sean.
Yeah, Yen positioning is getting extreme, I thought specs are usually covering their positions near year-end?
By the way, COT charts from Reuters, updated every Friday evening:
http://graphics.thomsonreuters.com/Buzz/FX_Positioning.html
Excellent link, thanks Milan