Yen bears retreat after suspected Japan intervention
Speculators reduced yen short positions after suspected interventions worth over 60 billion dollars. Traders are now cautious about challenging the 160 level.
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Xurve View
Speculators cut net short positions in the yen to 61,738 contracts following suspected interventions by Japan totaling over $60 billion. This 39% reduction from the previous week's 102,059 contracts marks the sharpest retreat from bearish bets in two years. For investors, the move signals a shift in risk-reward as Tokyo defends the 160 level against the United States dollar.
