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COT 03/03

Monday, 03 March 2008 21:20:24 GMT

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Written by Jamie Saettele, Currency Analyst

Signal: Bearish

03-03-08cot6

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.     

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