Traders have reduced their short-exposure to US dollar futures by ~50% over the past four weeks. • Asset managers increased their gross short exposure to Japanese yen futures by 28.2%. • Whilst large speculators increased gross-short exposure by 22.3%, they also increased gross longs by 19%. • Large speculators continued to pile into the short metal theme, with short positioning to copper futures rising 24.6%, palladium increased by 22.4% and platinum by 9.8% • Asset managers also flipped to net-short exposure to silver and platinum • Net-long exposure among large speculators on gold futures fell to a 10-week low ... (full story)