Excitement for shorting the yen (FXY) has cooled among BAML's hedge fund clients, according to...

|By:, SA News Editor

Excitement for shorting the yen (FXY) has cooled among BAML's hedge fund clients, according to the firm's latest Macro Monitor. More or less a one-way trade for many months, the dollar hit a ceiling of ¥100 earlier this month and has fallen back (currently ¥98). Another popular short, the British Pound (FXB) has been costing traders money and forcing them to cover, a trend BAML suggests isn't fully played out.