Hedge Funds Halve Yen Short Bets After Intervention
Hyperdash NewsFXHedge funds have cut their short positions on the Japanese yen by 50%, according to recent CFTC data. This reduction in yen short bets follows recent intervention in the currency market. The shift indicates a change in sentiment among large speculative traders regarding the yen's future.
The halving of short positions suggests that speculative traders are less bearish on the yen after market intervention. This could reduce selling pressure on the currency. 
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