{
  "id": 10423762,
  "title": "Hedge funds scale back bullish yen bets after BOJ signals caution on further hikes",
  "url": "https://urgent.news/2026/09/28/hedge-funds-scale-back-bullish-yen-bets-after-boj-signals-caution-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T10:45:00.000Z",
  "source": {
    "name": "Hedgeweek",
    "slug": "hedgeweek",
    "url": "https://hedgeweek.com/news/hedge-funds-scale-back-bullish-yen-bets-after-boj-signals-caution-on-further-hikes"
  },
  "original_language": "en",
  "account": "Hedge funds have significantly reduced their bullish yen positions following the Bank of Japan's interest rate hike, according to a Bloomberg report. Commodity Futures Trading Commission data reveals that leveraged funds held a net long position of approximately JPY55.9 billion ($355 million) in yen during the week of 22 September, a decrease of nearly 80% from the previous week when they held a net bullish yen position for the first time since mid-2025. Leveraged funds trimmed their net yen position by 15,598 contracts to 4,472, while asset managers also lowered their yen exposure, reducing their net long position by 12,323 contracts to 42,498. This repositioning came after the Bank of Japan's decision on September 17 to raise interest rates, as expected. Markets viewed the central bank's signals as providing limited evidence of an imminent acceleration in monetary tightening, despite the substantial interest-rate differential between Japan and the US. The yen weakened in response to the Bank of Japan's decision, reaching around JP157.39 to the dollar by the CFTC's 22 September reporting date, compared to JP155.11 a week earlier. However, the yen rebounded on 25 September, gaining as much as 1.2% to JP156.94 per dollar following Japanese officials' concerns about the impact of a weak yen during discussions with US counterparts.",
  "summary": "Hedge funds have sharply reduced their bullish yen positions after the Bank of Japan raised interest rates but offered few indications that further tightening would come quickly, according to a report by Bloomberg. The report cites Commodity Futures Trading Commission data as showing that leveraged funds held a net long position equivalent to about JPY55.9bn ($355m) in yen in the week to 22…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}