Reported about 7 hours ago
Hedge funds increased their long positions on the Japanese yen just before dovish remarks from new Prime Minister Shigeru Ishiba and strong US jobs data led to the currency's worst weekly decline since 2009. Following these developments, the yen plummeted by 4.4% against the dollar, causing some investors to re-evaluate their positions amid bearish sentiments while anticipating future shifts in Fed policy and Bank of Japan interest rates.
Source: YAHOO