Yen Bulls on Wrong Side of Leveraged Trade Risk Another Squeeze
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Japan’s leveraged foreign-exchange investors are reinforcing their reputation for getting caught on the wrong end of the trade.
Wagers by individuals in the nation who use leverage to trade greater amounts than held in their account turned the most bullish on the yen since 2011, just as the currency’s slide accelerated to a 12 1/2-year low of 125.05 per dollar this week. They risk another squeeze on their positions Friday, if the greenback gets a boost from U.S. jobs data seen as strong enough to keep the Federal Reserve on track for higher interest rates this year.