CatalystDerivatives
CFTC COT shows dealer/intermediary USD/JPY net short at the 4th percentile of the last 3 years, an extreme short. That is crowded yen-long positioning, so the tape gets squeeze-prone on any dollar bou
CFTC COT shows dealer/intermediary USD/JPY net short at the 4th percentile of the last 3 years, an extreme short. That is crowded yen-long positioning, so the tape gets squeeze-prone on any dollar bou
What changed
CFTC COT shows dealer/intermediary USD/JPY net short at the 4th percentile of the last 3 years, an extreme short. That is crowded yen-long positioning, so the tape gets squeeze-prone on any dollar bou
Why it matters
CFTC COT shows dealer/intermediary USD/JPY net short at the 4th percentile of the last 3 years, an extreme short. That is crowded yen-long positioning, so the tape gets squeeze-prone on any dollar bou — impact context not separately stored; see What changed.
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Oct 23, 2026 09:41 PM ET