IMM Commitment of Traders Reports - carry switching on show, contrary indicator for kiwi

Spec market turns slightly JPY long for the first time since Apr

At the same time, CHF shorts pick back up on switching, now some 1.3stdev above average

Overall $ long pared back further, still net long but back within normal bounds, tempering headwinds

Mkt still short GBP, positioning may be tending to limit its slippage

Mkt flips long NZD, has proved a bit of a contrary indicator tending to pick the local kiwi tops