scorecardresearchHedge Funds Slash Bearish Yen Bets as Summer Revival Continues

Hedge Funds Slash Bearish Yen Bets as Summer Revival Continues

Updated: 01 Aug 2022, 08:52 AM IST
TL;DR.
The yen advanced for a fourth day, with data showing that hedge funds have cut short positions as one of the biggest macro trades of the year unwinds.
FILE PHOTO: A man holding an umbrella is silhouetted as he walks in front of an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar  and Nikkei share average in Tokyo, Japan July 14, 2022  REUTERS/Issei Kato

FILE PHOTO: A man holding an umbrella is silhouetted as he walks in front of an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar and Nikkei share average in Tokyo, Japan July 14, 2022 REUTERS/Issei Kato