Yen Sentiment Takes A Nose-Dive

According to the most recent Commitment of Traders (COT) report, as of last Tuesday's trade large speculators continued to reduce exposure in US treasuries as global bond yield's resurgence continues. As a result, the typical culprit of increased risk appetite, the Japanese yen,  managed to decrease once again towards extreme lows in sentiment. It was another fresh cycle low for euro sentiment despite a recovery in sentiment in the British pound, Australian dollar & Canadian dollar. Meanwhile, Crude Oil prices continue to rise despite speculation inching closer towards extreme bullish sentiment seen last summer.