• EUR short 20K vs 41K short last week. Shorts trimmed by 18K
  • GBP short 108K vs 107K short last week. Shorts increased by 26K
  • JPY short 67K vs 71K short last week. Shorts increased by 17K
  • CHF short 12K vs 9K short last week. Shorts trimmed by 1K
  • CAD long 24K vs 21K long. Longs trimmed by 8K
  • AUD long 45Kvs 43K long. Longs trimmed by 8K
  • NZD short 12K vs 6K short last week. Shorts increased by 2K

Comment: Not really surprising as we approach March 29 when British Government will trigger Article 50. However we must be cautious as there is a chance sell the rumour, buy the news. We have EUR bulls and yen bears. When it comes to the yen, watch for more volatility as US stocks may start another rally.
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