US Dollar Weekly Chart with Commitments of Traders

The 'small speculators' are doing a remarkably good job of moving with the market in the dollar which is unusual.

The funds long positions and the Open Interest dropped precipitously as of the market close on Tuesday December 16. They do however remain net long, so we will have to see if the selling continues on.

Notice how neatly the dollar came down and tagged key support. We suspect strongly that unless there is significant official intervention, probably from Japan, that we will go back down and retest that low.