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COT 12/8
Monday, 08 December 2008 18:51:20 GMT
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- Monday, 24 November 2008 15:02:33 GMT COT 11/24
JPY: Bottoms in the USDJPY occur when speculators are extremely long the JPY (short USDJPY), which is not yet the case.
Positioning is getting closer to extreme but is not at the level that is considered extreme. Continue to favor Yen strength.
Implications: bullish
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