The Hitchhiker's Guide to the Market

The Hitchhiker's Guide to the Market

Positioning Update

Pulling the trigger in forex land

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Market Hitchhiker
Jan 19, 2026
∙ Paid

Another week, another positioning update! Here are the COT data that caught my attention:

Japanese Yen: I officially opened a trade this morning, the setup is looking too good to pass up now. Large speculators are now net short, the first time since January 2025.

Back then, the yen was pushing higher on the narrative of rising inflation and potential rate…

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