Hedge Funds Slash Bullish Yen Bets as Asset Managers Stand Firm
Leveraged funds reduced their bullish yen bets even as asset managers turned more positive, underscoring uncertainty over the Japanese currency's outlook.
Short-term funds funds cut their net long positions in the yen by 12,183 contracts in the week ended May 27, their biggest reduction so far this year, according to Commodity Futures Trading Commission data. Meanwhile, asset managers increased their bullish yen wagers by 3,218 contracts over the same period.
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For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
