Cot 05/25

[B]JPY: [/B]The 13 week index has increased from 0.

This indicates that commercials were the longest they had been in 13 weeks and speculators the shortest they had been in 13 weeks. This is bullish for the Yen. Once the index reaches 100, the risk of a reversal will be increased.

[B]Implications:[/B] bullish (bearish USDJPY)