Wall Street Traders Bearish on Yen, Highest Since April 2022

Traders on Wall Street are intensifying their pessimistic outlook on the Japanese yen, suggesting concerns about the prolonged depreciation of Japan's currency throughout the year. In the week concluding on Nov. 14, leveraged funds significantly increased their net-short exposure in the yen, reaching 65,490 contracts. This level marks the highest since April 2022, as revealed by data from the Commodity Futures Trading Commission.