According to the U.S. Commodity Futures Trading Commission (CFTC), leveraged funds reduced net short yen positions during the week ended May 5 following Japanese authorities’ intervention to support the currency. The funds now hold 61,340 yen net short contracts worth approximately $4.9 billion, marking the lowest level in nearly a month. Asset managers also trimmed 13,839 short positions, bringing their holdings to 10,653 contracts. “Given intervention risks and strong official warnings, chasing short yen near the 160 level has become unattractive,” said Stefan Rittner, senior portfolio manager at Allianz Global Investors.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
SHIBOR Overnight Rate Falls to 1.2210% on May 11, While 7-Day Rate Rises 2.2 Basis Points
SHIBOR overnight rate declined to 1.2210% on May 11, down 0.3 basis points. The 7-day SHIBOR rose to 1.3400%, up 2.2 basis points, while the 3-month rate held steady at 1.4140%.
GateNews27m ago
Goldman Sachs Revises Fed Rate Cut Forecast to December 2026 and March 2027, Delays from September
According to Goldman Sachs, the bank revised its forecast for U.S. Federal Reserve rate cuts, now expecting 25 basis points of cuts in December 2026 and March 2027, pushing back its previous prediction of cuts in September and December 2026.
GateNews45m ago
China's April Trade Surplus Beats Forecast at $84.82 Billion
According to China's customs data, the country's April trade surplus reached $84.82 billion, exceeding expectations of $83.3 billion and significantly higher than the previous month's $51.13 billion.
GateNews56m ago
China's CNY Funding Sentiment Index Falls to 45 on May 11, Down 3 Points Since Morning
According to Golden Ten Futures, China's CFETS-NEX funding sentiment index fell to 45 as of 10:15 on May 11, down 3 points from 08:45. The sub-indices for large banks, mid-sized banks, and non-bank institutions stood at 43, 46, and 45 respectively, each declining 3 points. The index ranges from 0 to
GateNews1h ago
Federal Reserve chair-designate Waller will move up, officially taking over from Powell on May 15
According to media reports, the incoming chair of the U.S. Federal Reserve (Fed), Kevin Warsh, is expected to be confirmed by the U.S. Senate on May 11 and to officially take over as the 17th chair of the Federal Reserve from the current chair Jerome Powell on May 15. Confirmation schedule and position handover According to media reports, Warsh, the Federal Reserve chair candidate nominated by U.S. President Donald Trump, is expected to be confirmed by the Senate on May 11, 2026, and to official
MarketWhisper1h ago
Bank of Japan Appoints Kazuhiro Masaki as Executive Director for International Affairs
On May 11, the Bank of Japan appointed Kazuhiro Masaki, a monetary policy expert and seasoned central banker, as executive director overseeing the central bank's international affairs. Masaki officially assumed the role on Saturday and will lead the BOJ's research on the global economy while
GateNews1h ago
