FXStreet (Delhi) – Jane Foley, FX Strategist at Rabobank, notes down the IMM Net Speculators’ Positioning data as at 01 December 2015. Key Quotes • “The level of EUR shorts continued to surge in the approach to the December 3 ECB Council Meeting, reaching their highest levels since May. The short squeeze that followed the ECB announcement suggests that the level of shorts will be lower this week. • By contrast USD longs continued to push higher on anticipation of a tightening in policy from the Fed on December 16. Longs have now reached their highest level since May. • Net sterling shorts positions lost a little ground. However, disappointing UK economic data releases last week are likely to keep GBP on the back foot for now. • JPY shorts have lost ground for a second consecutive week. The BoJ continues to indicate that it has little enthusiasm for extending its huge asset purchase programme at this stage. For more information, read our latest forex news.