Funds cut bearish yen bets; CFTC shows $9.7 bln net long
Weekly CFTC data shows the yen has a $9.7 billion largest net long position since July 2025 as funds increase long exposure ahead of a less-hawkish Bank of Japan rate hike. The market previously held a two-year-high yen short worth almost $12 billion in July.
2% Wall St futures climb Funds cut bearish bets on Japan's yen in latest week Welcome to the home for real-time coverage of markets brought to you reporters. You can share your thoughts with us at. Funds Warm Up To Japan's Yen After giving Japan's yen the cold shoulder for much of the past year, fund managers are warming to it once more, slashing their bearish bets on the currency at the fastest pace on record in the latest week. 7 billion, which marks a sharp reversal from the biggest short position in two years back in July that was worth almost $12 billion.
The data, released on Friday, showed both real money managers and leveraged funds made the biggest increase in the week to September 15 to their net long positions in the yen on record, just days before the Bank of Japan delivered a well-telegraphed rate hike but proved a lot less hawkish than many in the market had expected. Japanese authorities, with the backup of the US Treasury, intervened in the currency market in recent weeks to prop up the yen in a bid to deter short sellers from driving it back towards July's 40-year lows beyond 160 to the dollar. On Friday, Nikkei reported the Bank of Japan had conducted a rate check during New York trading hours.
Analysts and economists say that without a meaningful shift in Japan's underlying fundamentals, the yen will struggle and intervention is seen as little more than a short-term fix, especially as the Federal Reserve is now hiking too. (Amanda Cooper) *** Earlier On Live Markets: Bank Bulls In No Rush To Buy More Click Here Auf Wiedersehen, Volkswagen Click Here Stoxx Moving On Up Click Here Before The Bell: Looking Up Click Here More Oil Is Flowing, Depending On Who You Ask Click Here