CFTC COT Report, Week to August 4, 2026: Japanese Yen Net Speculative Position Rises 41k
Speculators significantly adjusted their Japanese Yen positions last week, with leveraged funds shrinking their net short exposure by 41.2k contracts. This was the largest weekly shift among the major currencies. The overall picture showed a mix of short covering and some long building across the board, as reported for the week ending August 4, 2026.
In the Japanese Yen, leveraged funds saw their net short position rise by 41.2k contracts, meaning the net short position shrank to -60.8k contracts. This move occurred while asset managers held a net short of -42.4k contracts and legacy speculators were net short -45.5k contracts.
The US Dollar Index saw leveraged funds increase their net long position by 5.5k contracts, bringing their total net long to +3.8k contracts. This position is now at its 52-week net long extreme. Asset managers were net long +18.1k contracts, and legacy speculators were net long +22.5k contracts.
Leveraged funds also made notable shifts in the Euro and Australian Dollar. Euro net short positions shrank as leveraged funds’ net position rose by 13.0k contracts, reducing their net short to -52.2k contracts. For the Australian Dollar, leveraged funds’ net long position grew by 13.0k contracts, bringing their total to +40.6k contracts.
Several currencies saw leveraged funds holding positions near their 52-week extremes. The British Pound’s net long position of +38.2k contracts was near its 52-week net long extreme. Conversely, the Canadian Dollar’s net short of -101.7k contracts, the Swiss Franc’s net short of -10.1k contracts, and the New Zealand Dollar’s net short of -30.3k contracts were all near their respective 52-week net short extremes.
Open interest saw notable decreases in the British Pound by -20.8k contracts, the Euro by -19.9k contracts, and the Japanese Yen by -13.0k contracts. Conversely, open interest increased notably in the Mexican Peso by +16.4k contracts and the Australian Dollar by +10.7k contracts.
The numbers, week to August 4, 2026
| Market | Leveraged funds net | Weekly change | Asset managers net | Legacy speculators net | Open interest |
|---|---|---|---|---|---|
| Euro (EUR) | -52.2k | +13.0k | +219.3k | -58.1k | 800k |
| Japanese Yen (JPY) | -60.8k | +41.2k | -42.4k | -45.5k | 419k |
| British Pound (GBP) | +38.2k | -2.9k | -125.8k | -57.8k | 247k |
| Australian Dollar (AUD) | +40.6k | +13.0k | -34.2k | -33.2k | 240k |
| Canadian Dollar (CAD) | -101.7k | +0.7k | -101.3k | -179.1k | 365k |
| Swiss Franc (CHF) | -10.1k | -0.4k | -39.8k | -32.8k | 110k |
| New Zealand Dollar (NZD) | -30.3k | -0.3k | -34.0k | -41.2k | 102k |
| Mexican Peso (MXN) | +67.7k | +3.9k | +25.5k | +76.5k | 217k |
| US Dollar Index (USD) | +3.8k | +5.5k | +18.1k | +22.5k | 52k |
Data: CFTC Traders in Financial Futures (futures only) and legacy Commitments of Traders reports. Net = long contracts minus short contracts. Positioning describes the state of the futures market, it is not trading advice.