CFTC COT Report, Week to September 15, 2026: Japanese Yen Net Speculative Position Rises 72k
Speculators made significant adjustments to their currency positions in the week to September 15, 2026, with the Japanese Yen seeing the largest shift. Leveraged funds dramatically increased their net long JPY exposure, while the US Dollar Index saw its net short position grow.
Leveraged funds’ net long Japanese Yen position rose by +72.3k contracts, bringing their total net long to +23.2k contracts. This places their net long position at the upper end of its 52-week range of -115.4k to +23.2k. Asset managers also held a net long position of +53.8k contracts.
In contrast, leveraged funds’ net position in the US Dollar Index fell by -11.1k contracts, resulting in their net short position growing to -4.9k contracts. This move occurred as asset managers maintained a net long position of +15.8k contracts.
Leveraged funds increased their net long Australian Dollar position by +11.4k contracts, bringing it to +61.1k contracts. This contrasts with asset managers, who held a net short position of -46.4k contracts.
Leveraged funds’ net short Swiss Franc position grew by -1.5k contracts, reaching -15.0k contracts. This places their net short position at its 52-week extreme, matching the lower bound of the -15.0k to +4.5k range. Additionally, leveraged funds’ net long Mexican Peso position grew by +7.9k contracts to +90.0k contracts, also placing it at its 52-week extreme.
Overall open interest saw a notable increase in Japanese Yen futures by +43.2k contracts and in Australian Dollar futures by +37.7k contracts.
The numbers, week to September 15, 2026
| Market | Leveraged funds net | Weekly change | Asset managers net | Legacy speculators net | Open interest |
|---|---|---|---|---|---|
| Euro (EUR) | -28.2k | +5.1k | +251.7k | -27.0k | 920k |
| Japanese Yen (JPY) | +23.2k | +72.3k | +53.8k | +120.4k | 543k |
| British Pound (GBP) | +18.9k | -15.7k | -89.2k | -58.7k | 314k |
| Australian Dollar (AUD) | +61.1k | +11.4k | -46.4k | -38.9k | 493k |
| Canadian Dollar (CAD) | -39.0k | +16.4k | -9.4k | -37.6k | 358k |
| Swiss Franc (CHF) | -15.0k | -1.5k | -36.1k | -29.0k | 171k |
| New Zealand Dollar (NZD) | -1.8k | +15.6k | +10.2k | +10.5k | 135k |
| Mexican Peso (MXN) | +90.0k | +7.9k | +53.3k | +87.8k | 319k |
| US Dollar Index (USD) | -4.9k | -11.1k | +15.8k | +10.6k | 44k |
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.