Last week release of COT data suggests that interesting extremes visible in yen and gold.
Commercials are deeply short yen. Commercials move in opposite direction to yen movements. They positions are scratching the lows set in 2016. All this suggests that yen will have a lot of upside left here. We believe USDJPY is headed 103 before any chance of a bounce.
QUANTO has been short since 107.2
GOLD commercials are already at extremes seen in 2016. Therefore they are susceptible to a short covering rally which will mean downside for GOLD futures.
QUANTO does not trade GOLD but it is remaining short in USDJPY from 107.2.
The system is up over 17% in August. Brilliant steady trading by the system
If you wish to start the system, please contact us