Cot 12/3

[B]Signal: Topped, bearish
[/B]

[B]JPY: [/B] The % of total commercial positions that are long measured through a 52 week percentile is at 0 and the % of total speculative positions that are long measured through a 52 week percentile is at 98. The 52 week COT index is at 98 and favors a reversal towards JPY weakness (bullish for Yen pairs).