Business & Finance
Yen Short Bets Jump to Nine-Year High as Carry Trade Revives
Key Points
Yen Short Bets Jump to Nine-Year High as Carry Trade Revives Speculators have boosted their bets against the yen to a nine-year high, signaling the revival of the yen carry trade despite intervention risks and a potential rate hike by the Bank of Japan on Tuesday. Leveraged funds increased their bearish positions on the yen to over 115,000 contracts in the week through June 9 — the highest level since November 2017, according to Commodity Futures Trading Commission data. That comes as the...
Yen Short Bets Jump to Nine-Year High as Carry Trade Revives
Speculators have boosted their bets against the yen to a nine-year high, signaling the revival of the yen carry trade despite intervention risks and a potential rate hike by the Bank of Japan on Tuesday.
Leveraged funds increased their bearish positions on the yen to over 115,000 contracts in the week through June 9 — the highest level since November 2017, according to Commodity Futures Trading Commission data. That comes as the yen hovers near the 160-per-dollar level, putting traders on alert for government intervention.