外汇与大宗商品COT持仓报告

关键论点

• 投机者将八种IMM货币期货的美元总多头削减70%至59亿美元，创15个月新低，恰在美联储鹰派加息引发美元买盘重燃之前。
• 日元连续两周创纪录买入21.6万手，净多头升至12万手、创14个月新高，美元兑日元随后升向158，使持仓面临压力。
• 能源板块上涨9.4%，对冲基金买入却有限：布伦特原油获得部分买盘，RBOB汽油与超低硫柴油则遭净卖出。
• 金属板块普遍平仓，铜多头被削减20%；尽管出现获利了结，谷物与软商品合并净多头仍处135万手的历史高位。

对应原文证据

1. • Yen positioning sees dramatic bullish shift: A record two-week buying spree of 216k contracts lifted the yen net long to a 14-month high, leaving positioning exposed after USDJPY subsequently surged towards 158.
2. • Energy rally met with muted hedge-fund buying: Despite a 9.4% sector surge, positioning changes were relatively modest, with Brent attracting some buying while RBOB gasoline and ULSD saw net selling.
3. • Metals cut while agriculture remains crowded: Broad metals liquidation included a 20% reduction in copper longs, while the combined grains and softs net long remained historically elevated at 1.35 million contracts despite some profit-taking.