Shorting the yen appears to be nudging out long Apple as the most-crowded hedge fund trade, with...

|By:, SA News Editor

Shorting the yen appears to be nudging out long Apple as the most-crowded hedge fund trade, with BAML reporting more than a doubling in notional yen shorts over the last 2 months of the year (CFTC data shows the same) as some notable funds trim stakes in Apple. FXY starts off the year -0.5% after falling 10.5% in Q4.