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Yen bears have plenty of reasons on their side (the latest), but contrary opinion isn't one of...

Yen bears have plenty of reasons on their side (the latest), but contrary opinion isn't one of them. Net short positions on the yen - as reported by the CFTC - have spiked to multiyear highs in the past few weeks. Reuters provides an outstanding interactive graph of trader positioning in the major currencies over time. FXY -7% YTD.
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Comments (2)
  • kjflick
    , contributor
    Comments (2) | Send Message
     
    Emphasis emphatically placed on burgeoning short interest in the yen. Yet, no comments made on the explosive growth in Nikkei long positions? Perhaps long Nikkei is crowded too, no? I know many market players that have foolhardily plowed into the Nikkei.

     

    Keep your thoughts balanced. A healthy dose of skepticism re: long/short positions.
    9 Dec 2012, 10:56 PM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    Even with the record shorts, it's only moved ~50 pips...now that's what is scary. Simply shows there's lots of Yen buying out there...
    10 Dec 2012, 01:12 AM Reply Like
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