According to the IMM data for the week ended February 09, non-commercial accounts sold USD to the tune of -$7.5bn, bringing positioning in USD down to $17.8bn, Nomura notes. Key Quotes Our realtime estimator suggests a further -$7.3bn of longs were cut since then, bringing estimated net longs to a low of $10.5bn, which would be the lowest level since July 2014. EUR shorts were cut by $2.9bn on the week, with net shorts at -$8.9bn as of Tuesday; our real-time estimator suggests that shorts were reduced by a further $1.3bn since then, bringing net shorts to -$7.6bn. JPY longs increased marginally by $0.8bn for the week ended February 09, bringing net longs to $4.7bn. However, our real-time estimator suggests that since then, noncommercial accounts bought JPY to the tune of $3.6bn, bringing net longs to $8.3bn, which would be the highest long position since February 2012 For more information, read our latest forex news.