According to the weekly Commitments of Traders report, futures traders are 33% less short CHF than they were a week ago. The net position is equal to $1.3 bln, according to DJ.

JPY shorts rose to their highest since July 2007 while the market added to its euro short, increasing it by 26% to $16.6 bln.

The data is as of the close of business Tuesday, it should be noted.