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COT 02/26

Tuesday, 26 February 2008 16:36:33 GMT

Written by Jamie Saettele, Currency Analyst

Signal: Bearish

Net non-commercial IMM positioning in JPY

COT4_2-26

JPY:  The 52 and 13 week COT indexes are at 94 and 75.  The JPY likely put in a high against the USD (USDJPY low) last week for at least a few weeks.  Our indicators indicate that the JPY is turning from a bullish extreme and will likely weaken significantly going forward.

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