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Hedge funds slash yen shorts as currency volatility hits four-year low

Reported · Written up by our desk · Equity Funds

Hedge funds have sharply reduced bearish positions against the Japanese yen, with net short exposure falling to one-eighth of its June peak as currency volatility declined to its lowest level in four and a half years, according to a report by Business Korea. Commodity Futures Trading Commission (CFTC) data shows hedge funds held approximately 14,000 net short yen contracts, equivalent to ¥180bn, as of 27 October, compared with around 115,000 contracts at the end of June. The reduction coincided with a narrowing of the dollar-yen trading range to just ¥2.87 in October, with the exchange rate fl

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