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Hedge funds halved short bets on yen since joint intervention

[TOKYO] Hedge funds further dialled back on their wagers against the yen, signalling a reduction in negative sentiment surrounding the currency after...

  • Hedge funds cut short yen bets by 6.5% to 59,526 contracts
  • Yen weakened 1% to 159.35 per dollar after joint intervention
  • Strategist notes large short yen positioning prompts trimming

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