fx news.
$JPY.ETF #JPY
_The latest CFTC data suggest that trade has begun to unwind._👀
🏆 For much of the past month, the Japanese Yen (JPY) had become one of the market's preferred defensive trades.
🎌 Hedge funds accumulated more than 170K net long contracts over four weeks as investors positioned for tighter Bank of Japan (BoJ) policy, persistent geopolitical uncertainty and a more cautious outlook for global growth.
$JPY.ETF #JPY
_The latest CFTC data suggest that trade has begun to unwind._👀
🏆 For much of the past month, the Japanese Yen (JPY) had become one of the market's preferred defensive trades.
🎌 Hedge funds accumulated more than 170K net long contracts over four weeks as investors positioned for tighter Bank of Japan (BoJ) policy, persistent geopolitical uncertainty and a more cautious outlook for global growth.