Hedge Funds' Yen Short Bets Hit Highest Level Since 2007 on July 7

According to E Daily, on July 7, hedge funds' Japanese yen short bets surged to the highest level since 2007, when yen carry trades peaked. The net short position in yen—the amount of yen sold exceeding yen bought by speculators—has risen to levels last seen just before the Bank of Japan's major intervention in July 2024.
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