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JPY futures near sentiment extreme, USD set to retrace? COT report

From forex.com

With the USD showing signs of a potential pullbacks and JPY futures nearing a potential sentiment extreme, USD/JPY may well struggle to break and hold above 152. EUR/USD also looks set to bounce despite lower net-long exposure, and gold future may struggle to hold above $2000 given the rise in short and trimming of long bets. {tables} US dollar positioning (IMM data) – COT report: Last week I warned that traders were on the cusp of flipping to net-long exposure, and that is what we have seen in the latest round of COT report data. Futures traders were bullish again all currencies on the CME exchange (and G10 ... (full story)

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  • Category: Fundamental Analysis