COT 03/31

Published March 31st, 2008 - 10:24 GMT
Al Bawaba
Al Bawaba

Implications: Bearish




JPY:  The 52 and 13 week COT indexes are at 98 and 92, indicating that a bullish exrtreme has been reached.  A multi-week high for the JPY is probably in at USDJPY 95.72.  Expect the JPY to fall across the board over the next few weeks (bullish for JPY crosses).