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Speculators Boost Yen Shorts to Most in a Year as Currency Slips
Speculators ramped up their bearish stance on the yen to the highest in nearly a year as the currency extended its slide against the dollar with markets boosting bets on the Federal Reserve hiking rates. Leveraged funds increased their net-short position on the yen by 10,986 contracts to 53,706, the highest level since June last year, according to data from the Commodity Futures Trading Commission for the week through May 23. The yen has dropped more than 3% in May, the third-worst performance among peers in the Group of 10 against a broadly stronger dollar. While major central banks have been raising interest rates ... (full story)
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