Reported 2 days ago
Speculators have reached an all-time high in betting on the Japanese yen's appreciation, with net long positions in yen futures soaring to 96,000 contracts as the Bank of Japan signals further interest rate hikes. This marks a significant shift from last year's extensive short positions against the currency due to changing inflation data and bond yields. The yen has risen to a near five-month peak against the dollar, challenging previously popular carry trades, as analysts adjust their forecasts amid increased volatility and mixed expectations regarding the currency's future.
Source: YAHOO