COT (Commitment of Traders) COT Report, 25 September 2012 - USDJPY - Technical Note

Japanese Yen (JPY/USD): The disagreement between the large and small specs in the yen continues. Large specs are long the yen by about 21K contracts and the small specs are short by about 11K. With the yen meandering sideways within a fairly narrow range, there are so far no winners in this one.

Australian Dollar (AUD/USD): The large specs in the A$ covered 18.1K contracts of their shorts which took their net long up to almost 90K and a 4.4 ratio longs to shorts. Small specs are only modest longs, but the two combined groups were just short of 102K long.

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