Japanese Yen Short Positions Hit 9-Year High at 115,000 Contracts Ahead of BOJ Rate Decision on Tuesday

According to CoinDesk, as of June 9, leveraged funds held speculative short positions in the Japanese yen exceeding 115,000 contracts, the highest since November 2017, ahead of the Bank of Japan's rate decision scheduled for Tuesday. If the BOJ raises rates to 1% as expected, these short positions could trigger rapid unwinding, potentially strengthening the yen and impacting yen carry trades that have been used to fund higher-yielding assets.
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