CFTC COT for GBP and JPY
GREAT BRITISH POUND
still bullish as all get out for me. 162k longs to 91k shorts. Though they did reduce shorts by 13k. Open Interest is in favor of the Bulls. But number of traders is still in favor of the shorts. That's commercials. As for the Specs/NonComs: The reduced longs and reduced shorts, but still more than double short. I'm fading them.
JAPANESE YEN
Commercials reduced everything, especially longs. Still net long. But Open Interest is long and number of traders is pretty even both sides. Non Com Specs reduced shorts and added to longs, but still net short.
Could get messy for GJ. Not overwhelmingly bullish. But I'm still bullish. We'll see.
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