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Morgan Stanley’s positioning indicator – most extreme USD bearishness since inception

This is a tiny snippet from Morgan Stanley’s ‘FX Pulse’ for the week. Its their ‘Bottom Line’, so it’s a worthwhile snippet!
Bottom line:
And, adding a bit – this is trade MS put on (July 14) on a ‘money where mouth is’ basis – it’s a long USD trade.

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The economic data calendar in Asia today is sparse – here is what’s coming up

From Japan at 0030GMT, but unlikely to move the forex too much unless it’s a shock result, manufacturing PMI:
– For July
– preliminary reading from Nikkei / Markit
And that’s about it, although later, due at 0500GMT, is leading and coincident indexes f…

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