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A Few Thoughts from Asian Business Trip

May 10, 2016
Sometimes the mountain looks clearer from the plain the summit to paraphrase a American-Lebanese poet.  The dollar appears to have entered a new phase on May 3.  On that day, it reversed higher against the euro, yen, and sterling for lows not seen in a while.    
It is tempting to construct a fundamental narrative for the change. However, the usual…
A Few Thoughts from Asian Business Trip A Few Thoughts from Asian Business Trip Reviewed by Marc Chandler on May 10, 2016 Rating: 5
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Speculative Yen Longs Remain Near Record Levels

March 26, 2016
The most extreme speculative positioning, judging from the futures market is the long yen position. The bulls added another 3.4k contracts, lifting the gross long position to 82.8k contracts.  The record was set in 2008 at 94.7k contracts.  
The gross short position was trimmed by 4.5k contracts, leaving 29.5k. It is the smallest gross short positi…
Speculative Yen Longs Remain Near Record Levels Speculative Yen Longs Remain Near Record Levels Reviewed by Marc Chandler on March 26, 2016 Rating: 5
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