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COT 05/04
Monday, 04 May 2009 19:33:50 GMT  |  Jamie Saettele, Senior Currency Strategist
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JPY:  The 13 week index has rocketed from 0. 

2009.05.04_cot_jpy

This indicates that commercials were the longest they had been in 13 weeks and speculators the shortest they had been in 13 weeks.  This is bullish for the Yen.

Implications: bullish (bearish USDJPY)

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