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.
"O that I could find in the desert a wayside shelter for travelers, that I might depart from my people. For they are all adulterers, an unfaithful mob of traitors. Their tongues are devious weapons, bent like drawn bows. With falsehoods rather than truth they have gained power. They commit one crime after another. They do not know me, says the Lord. I will make Jerusalem a heap of ruins, the lair of jackals. I will lay waste to Judah, a desolation where no one can live."
Jeremiah 9:2-3,11