- With the yen back near its low for the year, CFTC data show investors are piling back into bets against the currency. The move is paying off for those who got in early - after strengthening to ¥94 (to the dollar) from about ¥103 this summer, the yen has slipped all the way back to ¥102.29, with most of the move coming in the last month.
- Easily the macro play of the year (before going off the rails as described above), the yen crumbled from ¥80 to more than ¥100 with barely an uptick as PM Shinzo Abe took power promising to do whatever it took to break deflation's grip. The ¥103 level looks to be what technicians like to call "resistance."
- Yen ETFs: FXY, YCS, JYN, YCL