Bank of America: USD long positions significantly reduced, while JPY and EUR holdings increased

March 6th, Jinshi data, the Bank of America pointed out that there has been a significant change in the forex Holdings situation this year, with a 40% drop in the dollar long positions, while the Holdings of the yen and euro have increased. Although the market is still net long on the dollar, the extreme drop in Holdings is evident. At the same time, the euro against the dollar is still in a net short position. However, the short positions have dropped to the average level after the outbreak of the new crown epidemic. The market has shifted from a slight yen short position to long positions, which is in line with the price movement, as investors have joined the trend of pumping the yen.