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COT 01/06
Tuesday, 06 January 2009 16:51:15 GMT  |  Jamie Saettele, Senior Currency Strategist
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JPY:  The COT index recently dropped from 100.

The percentage of commercial traders that are long is near an all-time low and the composite COT is close to the level that was reached March (significant USDJPY bottom).  All the indicators are cautiously bearish for Yen (bullish USDJPY).

Implications: bearish (bullish USDJPY)

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