The shorts get shorter; dollars that is
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.

AUTOREFRESH 













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