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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