Hedge Funds Halved Short Bets on Yen Since Joint Intervention

🇯🇵 Bloomberg (JP) —

AI Summary

Hedge funds significantly reduced their short positions against the Japanese yen following coordinated intervention by the United States and Japan, signaling diminished bearish sentiment on the yen in global currency markets.

Hedge funds further dialed back on their wagers against the yen, signaling a reduction in negative sentiment surrounding the currency after the US and Japan’s historic joint intervention.

Markets hedge funds Japanese yen currency markets joint intervention US Japan investment

Read original source →