FXStreet (Delhi) – Jane Foley, FX Strategist at Rabobank, lists down the IMM Net Speculators’ Positioning as at 19 January 2016. Key Quotes • “Having moved back into positive ground for the first time since October 2012 earlier this month, JPY longs continued to move forward last week on the back of strong safe haven demand. • The level of USD longs held steady last week. They have been rising since late December. • The level of EUR shorts dropped for a second week ahead of the January 21 ECB policy meeting. The dovish tone of ECB President Draghi is likely to support the level of shorts. • Net sterling short positions moved to their highest level since February last year. A slew of disappointing UK economic data releases and political uncertainty linked to the UK EU membership referendum are both negative factors for GBP. • CHF positions held in positive territory though the level of net longs dropped back, the outlook is likely to be linked with the overall level of risk appetite. • Net AUD shorts leapt higher last week. Chinese growth and the outlook for commodity prices remain principle drivers. CAD shorts also gained ground into last week’s BoC meeting. The BoC maintained steady policy, but soft crude oil prices will remain a key driver.” For more information, read our latest forex news.