• USD spec net G10 short in April 16-22 IMM period; $IDX -1.72% in period

• EUR$ +1.21%, specs -4.3k contracts now +65k; longs sell into strength

• $JPY -1.08% in period, specs +6k contracts new ATH 188.1k; haven flows reigned

• GBP$ +0.75%, spec +14k contracts now +14k; flat specs buy GBP strength

• $CAD -1.04%, specs +17k contracts now -67.2k; Shorts cover on USD slide

• Fed and tariff temperature greatly reduced lifted USD post-period close

• Macro space remains fluid as tariff situation, Trump temperament remains fluid

Majors w/IMM Performance Chart:


IMM Position Table as of April 22:


(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)