Hedge funds are rebuilding short-yen positions, positioning for renewed currency weakness, on the back of comments by Prime Minister Sanae Takaichi, as Japan heads into a closely watched general election this weekend, according to a report by Bloomberg.
The dollar-yen pair moved back into focus this week, climbing toward the 156–157 range and touching a two-week high with Takaichi reiterating over the weekend that a weaker currency could support exporters.
The comments came ahead of the 8 Februa...
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