[B]JPY[/B][B] Signal: Bearish[/B]
[B]JPY: [/B]The % of total commercial positions that are long measured through a 52 week percentile is at 8 and the % of total speculative positions that are long measured through a 52 week percentile is at 94. Similar to the CHF, sentiment regarding the JPY has turned from a bullish extreme so continue to favor the downside.