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.
"You made this monster, and as long as things were going well you gave him whatever he wanted. You turned Germany over to this arch-criminal, you swore allegiance to him by every incredible oath he chose to put before you. For years, these men were the cover for every treasonable act, every orgy of rape and murder. They defended him every time he committed one of his criminal acts, because a different regime would have meant the end of their power.”
Friedrich Reck-Malleczewen, 1947