Yen short positions dropped sharply after intervention by Japanese authorities
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Golden Ten Data reported on May 11 that after Japanese authorities intervened to support the yen, bearish positions on the yen dropped significantly, highlighting how official actions have curbed this crowded trade. According to data from the U.S. Commodity Futures Trading Commission (CFTC), during the week ending May 5, leveraged funds reduced their net short positions on the yen. Currently, their net short position stands at 61,340 contracts, worth approximately $4.9 billion, the lowest in nearly a month. Meanwhile, asset management institutions also reduced 13,839 short positions, bringing their holdings down to 10,653 contracts. “Given the risk of intervention and the strong official warnings, chasing the yen lower near the 160 level has lost its appeal,” said Stefan Rittner, Senior Portfolio Manager at Allianz Global Investors, who takes a neutral view on the USD/JPY exchange rate. However, he pointed out, “Although the yen valuation has become quite low, persistent structural headwinds limit its potential for a sustained rebound”; furthermore, if the USD/JPY rate approaches previous highs again, further intervention risks are also expected to increase.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
QCP: The market is entering a key macro window, and BTC may remain in a range
Odaily星球日报•2026/05/11 10:11
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$81,093.04
+0.40%
Ethereum
ETH
$2,336.41
+0.52%
Tether USDt
USDT
$0.9997
-0.00%
XRP
XRP
$1.45
+1.83%
BNB
BNB
$653.75
+0.56%
USDC
USDC
$0.9998
+0.00%
Solana
SOL
$95.46
+1.85%
TRON
TRX
$0.3508
+0.55%
Dogecoin
DOGE
$0.1101
+1.76%
Hyperliquid
HYPE
$41.98
-1.90%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now