IMM Commitment of Traders Reports w/e Jun 30

Latest IMM data highlights market was still strongly spec GBP short - playing to the squeeze and EUR/GBP breakdown

NZD shorts also extended and so prone to bounce if RBNZ does not 'disappoint' 

JPY shorts remain at the highs - so still a short base for noise if/when jitters strikes, as US holiday showed

Mkt reasonably defensively short CAD into the passed deadline

EUR in contrast pretty much in balance