James Hellawell, Research Analyst at BNP Paribas, lists down the FX positioning analysis data for the week ending 11th April. Key Quotes • “AUD and CAD positioning is light at scores of +1 and -2 respectively while NZD short positions remain large at -27. There is scope for long AUDNZD positions to unwind. • EUR long positioning continues to rise but remains modest at +23 leaving room for long positions to be built up further. • USD short positioning remains moderate at -17 with room to be built up further. Bearish GBP positions remain extreme at -45. • JPY long positioning remains close to its highest level since 2008. This leaves the JPY vulnerable to a reversal.” For more information, read our latest forex news.