CADJPY COT STUDY: MORE DOWNSIDE UNTIL 90 ?

COT:
- Non-Commercial Positions as of 28-1-23
- JPY inverted (down = less shorts)

COT JPY (YELLOW):
- Moving less short since mid OCT-22
- JPY COT dictates CADJPY price since mid OCT

COT CAD (PURPLE):
- CAD moving more short since AUG-22
- CAD sideways since begin JAN-23
- Early indication that CAD is recovering from weakness across the board?

TARGETS:
- Looking for some ranging up (100 ?)
- Followed by impulse lower to 90
- Quarterly Pivot to Quarterly S1 would be nice