Hedge funds are ramping up bearish bets on the Japanese yen:
Leveraged funds raised net yen shorts by +35,624 contracts in the week ending January 13th, the largest weekly increase since May 2015.
This marks the first jump in bearish positioning over the last 5 weeks.
As a result, net short positions jumped to -100,000 contracts, the most bearish since Q1 2024.
This comes as investor expectations are growing that Prime Minister Takaichi will win the snap election and pursue more fiscal stimulus, further widening Japan's deficit.
Meanwhile, the Yen is trading at 158 against the US Dollar, near its lowest since July 2024.
The currency is approaching 160, the threshold where the Japanese Ministry of Finance last intervened to defend it.
Hedge funds are betting heavily against the yen.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
Leveraged funds raised net yen shorts by +35,624 contracts in the week ending January 13th, the largest weekly increase since May 2015.
This marks the first jump in bearish positioning over the last 5 weeks.
As a result, net short positions jumped to -100,000 contracts, the most bearish since Q1 2024.
This comes as investor expectations are growing that Prime Minister Takaichi will win the snap election and pursue more fiscal stimulus, further widening Japan's deficit.
Meanwhile, the Yen is trading at 158 against the US Dollar, near its lowest since July 2024.
The currency is approaching 160, the threshold where the Japanese Ministry of Finance last intervened to defend it.
Hedge funds are betting heavily against the yen.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
This trader has +$40M in uPNL through shorting literally every token
He is $12.7M up on his XPL shorts alone
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
He is $12.7M up on his XPL shorts alone
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
🫡3
This media is not supported in your browser
VIEW IN TELEGRAM
If you aren’t looksmaxxing to pay it forward by hoggin with your bros you’re doing it wrong
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
🫡5😐3🤮2👏1
BREAKING: The White House announces a new Executive Order:
“Stopping Wall Street from competing with Main Street homebuyers.”
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
“Stopping Wall Street from competing with Main Street homebuyers.”
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
👍2💯2
92-year-old Iowa Senator Chuck Grassley says he will oppose federal legislation to mandate voter ID, saying he doesn’t think DC needs to interfere in elections despite widespread evidence of fraud in Democrat-run states
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
🤬5😐2😢1
This media is not supported in your browser
VIEW IN TELEGRAM
NEW: Trump says he will issue $2,000 “tariff dividend” checks to Americans without Congress
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
🔥4🥰2
Media is too big
VIEW IN TELEGRAM
According to Peter Schwiezer, the Chinese government is abusing America’s birthright citizenship policy at an industrial level, allowing the country to subvert and sabotage America from within easily
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
💯11
Bottom support lines continue to seem to be the only TA pattern with any real predictive power
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
👀2
Remember that when they gloat over your death that’s speaking truth to power but when you call them ghoulish scumbags that’s harassment
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
🤬7🌚2