Disliked{quote} Bikov, is this what you have predicted? UJ going south atm.Ignored
It wasn't a prediction, just an opinion based on the extreme COT position and usually when commercials and large speculators have such extreme positions some big move follows. The best scenario for the bulls would be unwinding of the commerc.from those long Yen positions and that would cause explosion up for UJ. But must say that most of the time when commercials and speculators, especially small ones are on the opposite side, commerc. wins, at least in short term. According to what I have read about this, long term large spec. are with the trend - on the right side, but in this kind of situation some big move happens and goes in favor of commercials. I don't think that this is a big move, UJ fell for some 40 pips, it isn't bloodbath. But i'll repeat - usually doesn't means always. I'm not an expert for this kind of analyses, I'm still learning but I think this is the case.
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