Current Price: 117.85
Key Levels:
When speculative positioning (in blue) is extremely short JPY (long USDJPY) and commercials (in red) are extremely long JPY (short USDJPY), a major turning point occurs. The speculative community is extremely stretched in their short JPY positions (long USDJPY) and commercials have loaded up on long JPY positions (short USDJPY). For more on our interpretation of the COT report, please see http://www.dailyfx.com/story/charting_center/futures_positioning_cot_report/USD_Index_Implied_Positioning_Flips_1159195530937.html .
Al Bawaba
