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Biggest Macro Short Is Back as Traders Sell Yen Around the Clock

  • Volume shot up significantly in recent days, Capital.com says
  • Funds say dollar-yen rising to 135 is next key level to watch
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When Brian Gould steps into his office at 120 Collins Street in Melbourne, he’s greeted with a slew of yen short trades.

“Sell-yen orders are coming in around the clock. In the last couple of days we’ve seen a lot more volume,” said Gould, a three-decade currency markets veteran and head of trading at Capital.com. “People are still wanting to buy dollar-yen at 20-year highs.”