Reported 27 days ago
Hedge funds are placing bullish bets on the Japanese yen, anticipating its further appreciation against currencies like the Australian dollar and Swiss franc. This comes as the yen has rallied about 14% against the US dollar since June, driven by expectations of interest rate hikes from the Bank of Japan. Key decisions in the upcoming week from the BOJ and the Federal Reserve could significantly influence the yen's trajectory, with analysts forecasting potential moves down to 135 against the dollar by year-end.
Source: YAHOO