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Short Yen Wagers to Linger on Gap Between US-Japan Rate Paths
The gulf between interest rates in the US and Japan stands to keep traders betting against the yen — even after authorities likely intervened in recent weeks to prop up the beleaguered currency. On Friday, the Commodity Futures Trading Commission will report fresh data through Tuesday, revealing whether yen short bets were renewed after the biggest decline in bearish wagers of leveraged investors since the pandemic began more than four years ago. While volatility has eased in recent days, ameliorating some of the impetus for further forays by officials into currency markets, the gulf between Japan’s ultra-low ... (full story)