Forex Flash: EUR net longs hold strong - Nomura

Net longs in the euro went up for a fourth straight week last week. The data collected was two days before ECB's President Draghi made a smart verbal intervention on the Euro, causing the currency to sell-off.

Nomura analysts note: "Our realtime estimates suggest that positioning has not changed much since then, and the euro still stands in its largest net long position since July 2012..."

The yen, as Nomura adds, "also attracted investors' appetites this week as net short JPY positions fell by just shy of $1.0bn, however, our real-time estimates indicate that this move was completely reversed in the last 3 days of the week."