🇯🇵 Speculators flipped BULLISH on Japanese Yen overnight
Yen spec positioning just did a 180 in one week:
• Previous week: 92k contracts net SHORT
• This week: 11k contracts net LONG
That's a ~100k contract swing toward yen buying in 7 days.
What's driving it:
• BOJ rate hike expectations heating up
• Capital repatriation flows into Japan
• Yen carry trade unwind accelerating
First time in 6 months specs are net long yen. The narrative is shifting fast.
If BOJ actually hikes, risk-on assets (including crypto) could see volatility. Watch liquidity closely.
Yen spec positioning just did a 180 in one week:
• Previous week: 92k contracts net SHORT
• This week: 11k contracts net LONG
That's a ~100k contract swing toward yen buying in 7 days.
What's driving it:
• BOJ rate hike expectations heating up
• Capital repatriation flows into Japan
• Yen carry trade unwind accelerating
First time in 6 months specs are net long yen. The narrative is shifting fast.
If BOJ actually hikes, risk-on assets (including crypto) could see volatility. Watch liquidity closely.
