FXStreet (Bali) - As Nomura notes, according to the IMM data for the week ended Jan 12, non-commercial accounts bought JPY to the tune of $2.3bn, highest positive positioning since October 2012. Key Quotes "Our real time estimator suggests that a further $0.5bn was bought since Tuesday, bringing the estimated net longs to $3.2bn." "USD longs were cut a further -$3.0bn on the week, with net longs at $31.5bn as of Tuesday, albeit recovering to $33.1bn as of Friday’s close, which constitutes a recovery of $1.6bn since." "EUR short positions were cut by $1.7bn for the week ended January 12, bringing net shorts to -$19.9bn. This is the lowest level of EUR shorts since November 2015. Our real-time estimate suggests that a further $0.3bn was cut since, bringing our estimate for positioning as of Friday’s close to -$19.6bn." For more information, read our latest forex news.