CFTC: Hedge funds cut short yen positions, increase long Australian dollar positions

Data released by the U.S. Commodity Futures Trading Commission on Friday showed that hedge funds cut their short positions in the yen in the week ended Oct. 20. The yen rose for a second consecutive week, while it edged lower against the dollar on Friday. These funds' bearish bets on the euro rose to the highest level since 2020. They became more bullish on the pound and the Australian dollar, while turning further bearish on the Canadian dollar, with net short positions in the loonie rising to the highest level since early August.