Signal: Bearish
JPY: The % of total commercial positions that are long measured through a 52 week percentile is at 0 and the % of total speculative positions that are long measured through a 52 week percentile is at 98. The 52 week COT index also at 98, indicating that a bullish sentiment extreme has been registered. After reaching a bullish sentiment extreme, favor the downside (very bullish for EURJPY and GBPJPY)
