Archived IMT (2009.04.06)

USDJPY fails to break above the key 101.60 resistance as US stock futures are down across the board. USDCAD dod break below the 1.2270 support but has now rebounded over a full cent towards $1.2400. More gains ahead seen past 1.2430. Readers can check out the latest speculative flows the Chicago Mercantile Exchanges International Monetary Market at the FUTURES/ CHARTS SECTION of the website. Speculators (non-commercial interest) in were net short yen against the dollar for the third straight week, which is the longest yen-selling streak since September at with 9,463 contracts. Last week, euro long interest versus the dollar has turned net positive at 2,265 contracts, the first net positive balance since July.