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The shorts get shorter; dollars that is

By   || July 23, 2010 at 19:51 GMT
|| 2 comments || Add comment

No surprise, having turned around its long dollar position to a short position in last weekend commitments of traders data, the market has added to that position in this week’s data. The position grew a bit over 10% to $5.66 bln, according to Reuters.

The market’s largest short position is in USD/JPY…

The raw data can be found here.

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2 Responses to “The shorts get shorter; dollars that is”

  1. genbie on July 23rd, 2010 23:45 GMT

    That and coupled with the fact that almost everyone is talking of 85 as a near certainty makes a long USD/JPY especially attractive. Calls are excellent in this case to protect against a move/spike lower before the short covering begins.

  2. Fluffy Fox on July 24th, 2010 17:23 GMT

    “I buy when other people are selling.” – J. Paul Getty

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