COT 03/03

Published March 4th, 2008 - 02:20 GMT
Al Bawaba
Al Bawaba

Signal: Bearish




JPY:  The 52 and 13 week COT indexes are at 78 and 33.  Interestingly, speculative Yen longs fell significantly even though the Yen has been gaining.  Expect at least a corrective decline in the Yen (USDJPY rally).  The 13 week index reaching 0 will signal that it is safe to buy the Yen.