Asset Managers Turn Yen Bullish for the First Time Since 2021
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Institutional investors have turned bullish on the yen for the first time since June 2021 as speculation mounts over the future of the Bank of Japan’s ultra-easy monetary policy.
Net asset manager positions in the Japanese currency flipped into positive territory in the week to Jan. 17, according to the latest data from the Commodity Futures Trading Commission. That came just before the BOJ’s latest policy meeting, where it pushed back against bets of imminent change by sticking to its stimulus framework.