Currencies
Hedge Funds Turn Most Bearish on Japanese Yen Since April 2022
- Yen is the worst Group-of-10 currency performer of 2023 so far
- While currency edged higher this week, net-short bets piled up
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Speculators are ramping up their bearish stance on the yen, an indication that some on Wall Street worry that the year’s weakness in Japan’s currency is here to stay.
Leveraged funds boosted their net-short position in the yen to 65,490 contracts in the week ended Nov. 14 — the most since April 2022, according to Commodity Futures Trading Commission data.