Global Market: Yen speculators turn net long for first time since February
Speculators turned bullish on the yen for the first time since February as expectations of faster Bank of Japan rate hikes intensified. Futures positioning swung sharply from net short to net long, reflecting renewed confidence after the currency recovered from a four-decade low.
Global Market: Yen speculators turn net long for first time since February
What Happened
Speculators turned bullish on the yen for the first time since February as expectations of faster Bank of Japan rate hikes intensified. Futures positioning swung sharply from net short to net long, reflecting renewed confidence after the currency recovered from a four-decade low.
Key Details
Original reporting provided by Economic Times Markets.
Why It Matters
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