Japan Margin Traders’ Record Yen Shorts Face Swiss, Oil Pain
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Margin traders in Japan raised bets the yen would fall against the dollar to a record amid their currency’s best start to a year since 2010.
Wagers from individuals for the Japanese currency to decline outnumbered bets it would gain by 522,856 contracts on Jan. 15, the biggest net shorts since Tokyo Financial Exchange Inc.’s Click 365 began collecting the data in 2006. The figure more than doubled since Sept. 30 as the Bank of Japan’s unexpected Oct. 31 decision to expand bond purchases, known as quantitative easing, drove the yen to an 8 1/2-year low in 2014.