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Signal: Bearish

JPY:  The % of total commercial positions that are long measured through a 52 week percentile is at 8 and the % of total speculative positions that are long measured through a 52 week percentile is at 94.  The 52 week COT index is also at 94, indicating that a bullish sentiment extreme has been registered.  After reaching a bullish sentiment extreme, favor the downside.