Hedge Funds Flip to Bullish on Yen Even After Strong US Payrolls
Hedge funds are reversing course and ramping up bets on a stronger yen as the buy Japan trade takes hold even after robust US jobs data curbed expectations for Federal...
By David Finnerty · Bloomberg Markets
Hedge funds are reversing course and ramping up bets on a stronger yen as the buy Japan trade takes hold even after robust US jobs data curbed expectations for Federal Reserve rate cuts this year, according to traders.