Japanese Yen COT Report — Net Positioning
Japanese Yen futures · CME · CFTC contract code 097741
Latest positioning
Week ending 8 September 2026 · added 103,023 on the week · open interest 499,635 (+87,753)
Reading this pair: The CFTC reports positioning in Japanese Yen futures, not USD/JPY. Speculators net long yen corresponds to net short USD/JPY.
Net speculative position — last 52 weeks
The current reading sits in the 62th percentile of its 3-year range — over the past 3 years, the net position has been lower than it is now 62% of the time. A high reading means the position is crowded by its own historical standards; it is context, not a forecast.
All three cohorts
| Category | Net position | Week change |
|---|---|---|
| Large speculatorsFunds and managed money | +10,796 | +103,023 |
| CommercialsProducers, users and banks hedging physical exposure | -14,041 | -111,602 |
| Small tradersBelow the CFTC reporting threshold | +3,245 | — |
The three cohorts net to zero between them — every long has a short on the other side. Commercials being heavily short is normal for a produced commodity and is not a bearish view; it is a hedge against inventory they already own.
Weekly history
| Week ending | Specs net | Open interest |
|---|---|---|
| 8 Sep 2026 | +10,796 | 499,635 |
| 1 Sep 2026 | -92,227 | 411,882 |
| 25 Aug 2026 | -63,298 | 384,216 |
| 18 Aug 2026 | -52,893 | 380,811 |
| 11 Aug 2026 | -42,085 | 391,874 |
| 4 Aug 2026 | -45,473 | 419,393 |
| 28 Jul 2026 | -163,412 | 432,366 |
| 21 Jul 2026 | -152,125 | 423,796 |
| 14 Jul 2026 | -122,663 | 396,514 |
| 7 Jul 2026 | -123,778 | 398,103 |
| 30 Jun 2026 | -155,092 | 438,825 |
| 23 Jun 2026 | -146,104 | 431,030 |
| 16 Jun 2026 | -150,132 | 520,825 |
| 9 Jun 2026 | -145,818 | 505,075 |
| 2 Jun 2026 | -129,567 | 505,555 |
| 26 May 2026 | -114,667 | 427,294 |
| 19 May 2026 | -93,905 | 396,573 |
| 12 May 2026 | -75,102 | 362,042 |
| 5 May 2026 | -61,738 | 354,005 |
| 28 Apr 2026 | -102,059 | 372,780 |
| 21 Apr 2026 | -94,460 | 351,782 |
| 14 Apr 2026 | -83,208 | 354,344 |
| 7 Apr 2026 | -93,742 | 349,373 |
| 31 Mar 2026 | -72,872 | 345,276 |
| 24 Mar 2026 | -62,806 | 328,210 |
| 17 Mar 2026 | -67,780 | 326,688 |
| 10 Mar 2026 | -41,387 | 427,718 |
| 3 Mar 2026 | -16,575 | 416,977 |
| 24 Feb 2026 | +11,539 | 369,721 |
| 17 Feb 2026 | +12,955 | 354,328 |
| 10 Feb 2026 | -19,106 | 334,948 |
| 3 Feb 2026 | -19,222 | 303,673 |
| 27 Jan 2026 | -33,933 | 300,726 |
| 20 Jan 2026 | -44,829 | 292,607 |
| 13 Jan 2026 | -45,164 | 294,242 |
| 6 Jan 2026 | +8,815 | 287,715 |
| 30 Dec 2025 | +14,068 | 286,132 |
| 23 Dec 2025 | +1,223 | 285,084 |
| 16 Dec 2025 | -2,942 | 379,679 |
| 9 Dec 2025 | +17,448 | 465,416 |
| 2 Dec 2025 | +36,418 | 394,859 |
| 25 Nov 2025 | +26,517 | 344,420 |
| 18 Nov 2025 | +31,157 | 329,456 |
| 10 Nov 2025 | +48,476 | 312,845 |
| 4 Nov 2025 | +51,265 | 314,190 |
| 28 Oct 2025 | +68,115 | 321,889 |
| 21 Oct 2025 | +70,414 | 307,569 |
| 14 Oct 2025 | +37,166 | 305,003 |
| 7 Oct 2025 | +46,307 | 305,134 |
| 30 Sep 2025 | +61,465 | 305,711 |
| 23 Sep 2025 | +79,500 | 309,893 |
| 16 Sep 2025 | +61,411 | 299,620 |
Source: CFTC Commitments of Traders (Legacy, futures only) — a US government work, public domain. Positions are measured Tuesday and published the following Friday at about 15:30 ET, so this report is always at least three days behind the market. Positioning describes how traders are placed; it is not a forecast.