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COT 05/27

Tuesday, 27 May 2008 19:13:52 GMT

Written by Jamie Saettele, Technical Currency Analyst

Implications: Bullish

COT6_5-27

JPY:  The 52 and 13 week COT indexes are at 71 and 17 now.  The 13 week index had hit 0 twice in the previous 4 weeks, indicating that a turn towards JPY strength is likely.  The Yen began gaining last week, so expect this trend to continue.

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