Japanese Yen (JPY) COT Report

Speculative positioning in Japanese Yen (CME) futures, as of Tuesday 3 November 2026.

Net position

+102,321

contracts, net long

Weekly change

+730

contracts

Longs / shorts

65%

227,198 long, 124,877 short

52-week percentile

Crowded long

What this means

Large speculators are net long Japanese Yen futures by 102,321 contracts. In the latest week their net position changed by +730 contracts, towards the long side. Against the past year, positioning scores 98 out of 100. Speculators are more net long than in at least 90% of the past year's weeks, so the long side is crowded. Further gains need new buyers, and a surprise could force longs out quickly.

Yen futures are priced in dollars per yen, so a net long position is a bet on the yen strengthening, which means USD/JPY falling.

JPY positioning over the past year

Nov 2025 Net speculative position, contracts. Green = net long, red = net short. 3 Nov 2026

Range over this period: -163,412 to +120,359 contracts.

Recent weeks

Week of	Long	Short	Net	Change	Percentile
3 Nov 2026	227,198	124,877	+102,321	+730	98
27 Oct 2026	225,516	123,925	+101,591	+31,713	98
20 Oct 2026	200,186	130,308	+69,878	+19,671	94
13 Oct 2026	191,256	141,049	+50,207	-12,118	87
6 Oct 2026	190,368	128,043	+62,325	+6,885	92
29 Sep 2026	176,266	120,826	+55,440	-16,542	90
22 Sep 2026	192,274	120,292	+71,982	-48,377	96
15 Sep 2026	237,951	117,592	+120,359	+109,563	100
8 Sep 2026	178,791	167,995	+10,796	+103,023	67
1 Sep 2026	117,169	209,396	-92,227	-28,929	27
25 Aug 2026	128,340	191,638	-63,298	-10,405	35
18 Aug 2026	128,932	181,825	-52,893	-10,808	39

Non-commercial (speculative) positions in futures contracts. Source: CFTC Commitments of Traders, Legacy futures-only report. Published here 48 hours after the CFTC release.

JPY pairs

Trend, volatility and squeeze for the pairs this positioning affects.

USD/JPY EUR/JPY GBP/JPY AUD/JPY NZD/JPY CAD/JPY CHF/JPY

Other currencies

All currencies USD COT EUR COT GBP COT CHF COT CAD COT AUD COT NZD COT

See whether price agrees with the positioning

COT data moves once a week. The JPY pairs move every minute. Markets Mastered combines positioning with squeeze, trend and currency strength into one convergence score per instrument, refreshed every 15 minutes.

Convergence score blending squeeze, trend, strength and COT positioning

Live currency strength for JPY across seven timeframes

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JPY COT questions

Are speculators long or short the Japanese Yen?

As of 3 November 2026, large speculators are net long 102,321 contracts of Japanese Yen (CME) futures, up 730 contracts on the week.

Which futures contract is the JPY COT data from?

Japanese Yen (CME) futures, from the CFTC Legacy futures-only Commitments of Traders report. Yen futures are priced in dollars per yen, so a net long position is a bet on the yen strengthening, which means USD/JPY falling.

When is the next JPY COT report?

The CFTC publishes every Friday at 3:30pm New York time (8:30pm UK time for most of the year), covering positions held on the Tuesday. This page updates 48 hours after each release.