Japan Retail Traders Bearish Yen Bets Jump Amid Intervention
- Data shows majority of positions betting against yen
- Traders preparing for result of BOJ meeting ending Friday
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Japan’s mom-and-pop investors are taking the opportunity of intervention-driven yen surges to build up bets on further weakness in the beleaguered currency.
The proportion of individual investors making bearish bets on the yen surged to 68% this week, the highest since August, according to data from Japanese currency broker Gaitame.com. Japan was suspected of intervening once more to help support the yen last Friday, and again on Monday.