• IMM net USD G10 long cut a further $2.5bn in May 6-12 reporting period; $IDX -0.03%

• Note- $IDX rose 1-big-figure renders data irrelevant as CCYs likely resold in new period

• Mideast peace appears remote, Pres Trump losing patience w/iran

• Lots of streams; yen intervention by 160; UK political/fiscal issues; Fed hike odds rising

• EUR$ +0.42% in period, specs +8k contracts now +40.2k contracts

• $JPY -0.19%, specs -13.4k contracts now -75.1k; Oil rising, Fed hike odds as well lift USD

• GBP$ flat, specs +20.8k contracts now -43.1k; GBP$ down 2-big-figs since period close

• $CAD, +0.59%, specs -1.6k contracts now -16.2k; more hawkish Fed lifts USD

• AUD$ +0.8%, specs +6.3k contracts now +85k; like GBP pair lower in new period questions veracity

Majors w/IMM Performance Chart:


IMM Position Table:


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