• Market remains moderately bullish for USD according to latest CFTC positioning data;
  • Prime brokers report that long USD/JPY is still the speculators favourite position;
  • Market still doesn’t believe the long cable story, making me even more convinced that we go higher;
  • EUR/JPY resistance looming at 135.50 (see chart);
  • Short-term AUD/USD resistance also looming at .9385
  • No change to majors from Friday night, with USD/JPY at 100.30, EUR/USD at 1.3490, cable at 1.6120 and AUD/USD at .9375.