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.
Xurve View
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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.
