GBP/JPY

Hedge funds turned bullish on the yen just before dovish comments by Japan’s new prime minister and a robust US jobs report helped spark the worst week for Japan’s currency since late 2009. Speculative investors flipped to a net long position on the yen for the first time since mid-August, Commodity Futures Trading Commission data for the week to Oct. 1 ...

The market’s confidence in the pound is shattering after a world-beating run. Traders are now pricing a faster pace of monetary easing, diminishing the allure of the strongest-performing currency among Group-of-10 nations so far in 2024. Some, including Millennium Global Investments, see it sliding as much as 10% over the medium term. All it took was a few ...