Hedge fund yen short positions decline, euro short bets rise to highest level since 2020

Statistical data released by the U.S. Commodity Futures Trading Commission (CFTC) on Friday showed that, in the week ending October 20, hedge funds reduced their short positions in the Japanese yen. The yen has been on an upward trend for two consecutive weeks, although it saw a slight decline against the U.S. dollar on Friday. These funds’ short bets on the euro have risen to their highest level since 2020. Their bullish stance on the British pound and the Australian dollar is more pronounced, while their bearishness on the Canadian dollar has further intensified, with net short positions in the Canadian dollar rising to the highest level since early August this year.