AUTOREFRESH 
EUR shorts hit another record on IMM
By Jamie Coleman || May 14, 2010 at 19:49 GMT
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No real surprise given we’ve fallen like a rock since Monday morning but net EUR shorts rose to a record 113.9K contracts on the IMM as of the close of business on Tuesday. The market is probably even shorter now.
GBP is also at a record short position of 72.2K.
Fading the market based on the this Commitments of Traders data has been a losing effort of late, but the data is instructive. Once the turn comes in the market, the rebound will be swift. If short, keep stops in place or use some profits to buy out-of the-money calls to protect your winnings.
Haven’t seen it yet JC – what’s the yen take please?
Been wondering whether 91.80/50 would provide support next week.
USD/JPY seems to be accelerating since market close. Fun to end the weekend a bit higher (I can get more for my shorts on Monday)!
Got it now
http://www.reuters.com/article/hotStocksNews/idUSN1419379620100514
I did wonder, so now I know, yen shorts practically halved.
[...] as the FT reports here. The death of the EUR might be ever so slightly exaggerated and with EUR shorts now at new record levels, I’d be wary about selling down here at these levels. Remember that 1.2330 is the big low [...]