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Yen Short Bets Jump to Nine-Year High as Carry Trade Revives

Yen Short Bets Jump to Nine-Year High as Carry Trade Revives
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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.
Yen Short (PERSON) the Bank of Japan (ORG) Commodity Futures Trading Commission (ORG)
Originally published by Bloomberg Markets Read original →