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Japan Day Traders Creep Back Into Turkish Lira Amid Rebound

  • Net long positions up marginally after hitting low on Friday
  • Only short-term players left in the market: Gaitame’s Kanda
Updated on

Japanese day traders’ affection for the Turkish lira is getting seriously tested, with the currency’s extreme volatility leaving the hardiest speculators hanging in there.

Retail investors added net long positions in the lira by 5,444 contracts Monday, after slashing them Friday by 18,716 contracts to the lowest level since January, according to Tokyo Financial Exchange Inc. data compiled by Bloomberg.