Hedge funds have sharply reduced their bullish yen positions after the Bank of Japan raised interest rates but offered few indications that further tightening would come quickly, according to a report by Bloomberg.The report cites Commodity Futures Trading Commission data as showing that leveraged funds held a net long position equivalent to about JPY55.9bn ($355m) in yen in the week to 22 September. That represented a reduction of almost 80% from the previous week, when hedge funds had shifted...
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