Japanese Retail Traders Placed Contrarian Yen Bets as It Soared

Japan’s retail investors unwound bullish bets in the yen during the height of a recent rally, potentially capping its gains as talk of official intervention buoyed the currency.

By Ruth Carson, Masaki Kondo · Bloomberg Markets

Japan’s retail investors unwound bullish bets in the yen during the height of a recent rally, potentially capping its gains as talk of official intervention buoyed the currency.