USDJPY - Short
The COT report this week shows massive UJ Long Positions. However price action shows an inability to make any meaningful new highs and this bearish movement was compounded by poor US fundamental news. I think the combination of these factors could propel USDJPY downwards in the near term.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.