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

|By:, SA News Editor

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.