Combined net short positions by asset managers and leveraged funds stood near the 2024 low as of July 28, based on CFTC data, signaling heavy institutional pressure against Japan’s currency.
Institutional investors have built one of the largest bearish wagers on the Japanese yen in the available record. Combined net short positions held by asset managers and leveraged funds reached their second-largest level on record as of July 28, according to CFTC (U.S. derivatives regulator) data, leaving positioning just shy of the 2024 low. The snapshot points to deepening negative sentiment toward the yen, with hedge funds maintaining a notably bearish stance.