USDJPY Nearing A Significant Top

December 2nd, 2013
in contributors, forex

by Mike Ber, Forex Alerts

Somethings gotta give soon on the Yen chart as we are at extreme levels for both commercials and non-commercials on the (COT) commitment of traders chart below. Non commercials are approaching their lowest levels and with the USDJPY nearing it's previous highs we're expecting this to put in some sort of double topping pattern. If there is a situation where the price can break above last spring's highs on convincing volume and stay above then it has a chance at continuing higher. We just don't see that happening and the more likely scenario is it breaks above intraday, reverses, and then begins a multi-month long correction to key support levels to be identified at a later time.

Follow up:

Chart courtesy of Spreadcharts

Japanese Yen Dec (z13)yen

  1. Commercial Traders: These traders represent companies/institutions who use the futures market to offset risk.
  2. Non-Commercial Traders: This category includes large institutional investors, hedge funds and other entities that are trading in the futures market for investment and growth. Pay the most attention to this category.
  3. Non-Reporting Traders: This is the catch-all category for traders too small to be required to report their positions to the CFTC. They are notoriously bad traders and you will more often see this category betting against the trend.


Contact Mike Ber at to learn more about his service. Here are his trading results since inception over 6 months ago.

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved