CFTC data shows hedge funds loaded up on yen shorts before the surge
opalesque
12 hours ago
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CFTC data show leveraged funds accumulated roughly 138,000 net short yen futures contracts by June 30, their largest bearish position since 2007. The yen subsequently strengthened sharply, forcing funds to unwind a crowded carry trade that had been built around Japan's low interest rates relative to...
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