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Yen Positioning Remains Extreme

By , Sr. Technical Strategist
23 April 2012 20:28 GMT

Latest CFTC Release dated April 17, 2012:

Week (Data for Tuesdays)

52 week Percentile / Comment (if applicable)

US Dollar

41

Euro

18

British Pound

69

Australian Dollar

47

Japanese Yen

6 – positioning most extreme since July 2007

Canadian Dollar

88

Swiss Franc

16

Gold

24

Silver

37

Copper

27 – speculators flip to net short is bearish

Crude

80

The COT Index is the difference between net speculative positioning and net commercial positioning measured. A light blue colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bullish) with speculators selling and commercials buying. A light red colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bearish) with speculators buying and commercials selling. Crosses above and below 0 are in bold. Non commercials tend to be on the wrong side at the turn and commercials the correct side. Use of the index is covered closely in detail in my book.

Charts

Non Commercials (speculators) – Red

Commercials – Blue

Small Speculators – Black

COTDiff – Black

Volume on bottom

US Dollar

Yen_Positioning_Remains_Extreme_ahead_of_BoJ_body_usd.png, Yen Positioning Remains Extreme

Chart prepared by Jamie Saettele, CMT

Euro

Yen_Positioning_Remains_Extreme_ahead_of_BoJ_body_eur.png, Yen Positioning Remains Extreme

Chart prepared by Jamie Saettele, CMT

British Pound

Yen_Positioning_Remains_Extreme_ahead_of_BoJ_body_GBP.png, Yen Positioning Remains Extreme

Chart prepared by Jamie Saettele, CMT

Australian Dollar

Yen_Positioning_Remains_Extreme_ahead_of_BoJ_body_AUD.png, Yen Positioning Remains Extreme

Chart prepared by Jamie Saettele, CMT

Japanese Yen

Yen_Positioning_Remains_Extreme_ahead_of_BoJ_body_JPY.png, Yen Positioning Remains Extreme

Chart prepared by Jamie Saettele, CMT

Canadian Dollar

Yen_Positioning_Remains_Extreme_ahead_of_BoJ_body_cad.png, Yen Positioning Remains Extreme

Chart prepared by Jamie Saettele, CMT

Swiss Franc

Yen_Positioning_Remains_Extreme_ahead_of_BoJ_body_chf.png, Yen Positioning Remains Extreme

Chart prepared by Jamie Saettele, CMT

Gold

Yen_Positioning_Remains_Extreme_ahead_of_BoJ_body_gold.png, Yen Positioning Remains Extreme

Chart prepared by Jamie Saettele, CMT

Silver

Yen_Positioning_Remains_Extreme_ahead_of_BoJ_body_silver.png, Yen Positioning Remains Extreme

Chart prepared by Jamie Saettele, CMT

Copper

Yen_Positioning_Remains_Extreme_ahead_of_BoJ_body_copper.png, Yen Positioning Remains Extreme

Chart prepared by Jamie Saettele, CMT

Crude

Yen_Positioning_Remains_Extreme_ahead_of_BoJ_body_crude.png, Yen Positioning Remains Extreme

Chart prepared by Jamie Saettele, CMT

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie, e-mail jsaettele@dailyfx.com. Follow him on Twitter @JamieSaettele

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Jamie is the author of Sentiment in the Forex Market.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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23 April 2012 20:28 GMT