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Hedge Funds Cut Bullish Yen Bets Amid Currency’s Three-Week Drop

by bloomberg.com posted 1year ago 2817 views
The yen held a three-week decline against the dollar as hedge funds trimmed bullish bets on the Japanese currency by the most since May amid growing confidence the Federal Reserve will raise interest rates this year. Japan’s currency was little changed after depreciating by about 3 percent in the past three weeks as Bank of Japan Governor Haruhiko Kuroda said this month the central bank has no intention of reducing the bond purchases...

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