* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, July 2, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Nantucket Dance Festival opens July 8 – The Inquirer and Mirror

    Nantucket Dance Festival Launches with Thrilling Performances Beginning July 8

    A Secret Society, Ritualistic Killings, and a Century-Old Curse Netflix and YRF Entertainment’s ‘Mandala Murders’ Premieres July 25 – About Netflix

    A Secret Society, Ritualistic Killings, and a Century-Old Curse: Dive into the Chilling World of ‘Mandala Murders’ Premiering July 25

    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

    Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

    Owls inspire new revolutionary noise reduction technology – KTEN

    Owls inspire new revolutionary noise reduction technology – KTEN

    New center coming to Mizzou will focus on energy research and technology – Columbia Missourian

    Mizzou Launches Innovative New Center Dedicated to Energy Research and Technology

    Mirrors in space and underwater curtains: can technology buy us enough time to save the Arctic ice caps? – The Guardian

    Can Technology Like Space Mirrors and Underwater Curtains Buy Us Time to Save the Arctic Ice Caps?

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Emerging Memory and Storage Technology Market Analysis Report 2025-2034 | AI and HPC Boom Fuels Surging Demand for Fast, Low-Power Memory Devices – Yahoo Finance

    How AI and HPC Are Driving Explosive Growth in Fast, Low-Power Memory Technologies Through 2034

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Nantucket Dance Festival opens July 8 – The Inquirer and Mirror

    Nantucket Dance Festival Launches with Thrilling Performances Beginning July 8

    A Secret Society, Ritualistic Killings, and a Century-Old Curse Netflix and YRF Entertainment’s ‘Mandala Murders’ Premieres July 25 – About Netflix

    A Secret Society, Ritualistic Killings, and a Century-Old Curse: Dive into the Chilling World of ‘Mandala Murders’ Premiering July 25

    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

    Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

    Owls inspire new revolutionary noise reduction technology – KTEN

    Owls inspire new revolutionary noise reduction technology – KTEN

    New center coming to Mizzou will focus on energy research and technology – Columbia Missourian

    Mizzou Launches Innovative New Center Dedicated to Energy Research and Technology

    Mirrors in space and underwater curtains: can technology buy us enough time to save the Arctic ice caps? – The Guardian

    Can Technology Like Space Mirrors and Underwater Curtains Buy Us Time to Save the Arctic Ice Caps?

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Emerging Memory and Storage Technology Market Analysis Report 2025-2034 | AI and HPC Boom Fuels Surging Demand for Fast, Low-Power Memory Devices – Yahoo Finance

    How AI and HPC Are Driving Explosive Growth in Fast, Low-Power Memory Technologies Through 2034

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Funds maintain large short yen position ahead of BOJ decision: McGeever

March 18, 2024
in Business
Funds maintain large short yen position ahead of BOJ decision: McGeever
Share on FacebookShare on Twitter

Funds maintain large short yen position ahead of BOJ decision: McGeever
© Reuters. FILE PHOTO: Examples of Japanese yen banknotes are displayed at a factory of the National Printing Bureau producing Bank of Japan notes at a media event about a new series of banknotes scheduled to be introduced in 2024, in Tokyo, Japan, November 21, 2022

By Jamie McGeever

ORLANDO, Florida (Reuters) -Hedge funds have cut back their huge bet against the yen ahead of the Bank of Japan’s policy decision on Tuesday, but not by much, suggesting they don’t believe a landmark interest rate hike would do much to improve the currency’s immediate fortunes.

The BOJ is expected to deliver its first rate hike in 17 years on Tuesday, bringing the curtain down on eight years of negative interest rate policy (NIRP), and the latest move to end decades of deflation-fighting, accommodative policy.

As historic as that would be, however, it probably won’t move the dial much for currency traders unless it is followed up with further action, and unless the yen’s yield gap with other currencies like the dollar shrinks significantly.

More clarity on that will no doubt come from BOJ Governor Kazuo Ueda on Tuesday, and the U.S. Federal Reserve in its policy statement and Fed Chair Jerome Powell in his press conference on Wednesday.

But until then, the jury is out and speculators are reluctant to buy into the view that Japan’s first baby step into the world of policy normalization is a game-changer for the yen.

The latest Commodity Futures Trading Commission data show that funds cut their net short yen position by 16,521 contracts to 102,322 contracts in the week ending March 12.

That follows a reduction of almost 14,000 contracts in the prior week, marking the first time this year funds have scaled back their bearish yen bets two weeks in a row.

A short position is essentially a wager that an asset’s price will fall, and a long position is a bet it will rise. Hedge funds often take directional bets on currencies, hoping to get on the right side of long-term trends.

These figures show that funds have cut their yen position by around 20% from what was the largest net short in more than six years at the end of February. At almost 133,000 contracts, it was one of the most bearish yen bets on record.

In dollar terms, the latest position roughly equates to a $8.65 billion leveraged bet on the yen weakening. That’s still large by historical standards, so there is room to reduce that further and put upward pressure on the yen.

But that will need a catalyst.

Given how historic a Japanese rate hike would be, it is reasonable to assume BOJ policymakers will want to proceed cautiously. The fact that only 25 basis points of tightening this year is priced into Japanese swaps attests to that.

The U.S. rate outlook, meanwhile, appears to be moving in the dollar’s favor. The amount of Fed policy rate easing expected by markets this year continues to be trimmed back, which helps explain why dollar/yen is closer to 150.00 than 145.00.

Given how closely dollar/yen has correlated this year with the spread between two-year U.S. and Japanese yields, the yen might need a substantial narrowing in the spread to get any real momentum behind it.

“Every delay in the market’s expectation for the Fed to start the cutting cycle ended up with pressure on the yen and 10-year JGB (Japanese Government Bond) yields,” analysts at Natixis wrote in a client note this past weekend.

Morgan Stanley analysts note that a “soft landing” and only gradual U.S. rate cuts continue to be the market’s default position, while expectations for the BOJ over the next 12 months haven’t actually changed that much recently.

“This in turn implies that the prospective US-Japan policy trajectory should be little changed, suggesting … should continue to perform reasonably resiliently,” they wrote on Sunday.

The yen goes into the BOJ meeting as the worst-performing major currency this year. Funds are taking some chips off the table but are still betting that U.S.-Japan rate and yield spreads will stay wide, to the detriment of the yen.

(The opinions expressed here are those of the author, a columnist for Reuters.)

(By Jamie McGeever; Editing by Paul Simao)

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Investing.com – https://www.investing.com/news/economy/columnfunds-maintain-large-short-yen-position-ahead-of-boj-decision-mcgeever-3342340

Tags: businessfundsmaintain
Previous Post

Biden expands women’s health research, adds $200 million for sexual, reproductive issues

Next Post

Sivakarthikeyan gears up for a festival release once again with ‘Amaran’!

Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

July 2, 2025
NBA’s Malik Beasley sued for $2.25M by sports agency for breach of contract, alleged unpaid loan amid federal gambling probe – Yahoo Sports

NBA’s Malik Beasley sued for $2.25M by sports agency for breach of contract, alleged unpaid loan amid federal gambling probe – Yahoo Sports

July 2, 2025
He’s searching for a human-made problem in areas largely untouched by humans. Answers are just emerging – CNN

He’s searching for a human-made problem in areas largely untouched by humans. Answers are just emerging – CNN

July 1, 2025
Asteroid 2024 YR4 might smash into the moon – Popular Science

Urgent Alert: Asteroid 2024 YR4 Headed Straight for the Moon!

July 1, 2025
These 9 towns were named the ‘quirkiest’ in New Jersey, according to World Atlas – Bergen Record

These 9 towns were named the ‘quirkiest’ in New Jersey, according to World Atlas – Bergen Record

July 1, 2025
Trump’s Tax Bill Won’t Help or Hurt the Economy. The Deficit Is Already Huge. – Barron’s

Trump’s Tax Bill Won’t Help or Hurt the Economy. The Deficit Is Already Huge. – Barron’s

July 1, 2025
Nantucket Dance Festival opens July 8 – The Inquirer and Mirror

Nantucket Dance Festival Launches with Thrilling Performances Beginning July 8

July 1, 2025
Who would be affected by health care cuts in Senate version of Trump’s budget bill – PBS

Who Will Be Hit Hardest by Health Care Cuts in the Senate’s Trump Budget Plan?

July 1, 2025
Senate passes Trump’s reconciliation bill with Vance casting tie-breaking vote – PBS

Senate Passes Trump’s Reconciliation Bill After Vance Casts Decisive Tie-Breaking Vote

July 1, 2025
Groundbreaking technology to help police tackle violence against women – The Independent

Revolutionary Technology Transforms the Fight Against Violence Toward Women

July 1, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (701)
  • Economy (726)
  • Entertainment (21,615)
  • General (15,659)
  • Health (9,766)
  • Lifestyle (731)
  • News (22,149)
  • People (727)
  • Politics (733)
  • Science (15,944)
  • Sports (21,224)
  • Technology (15,711)
  • World (707)

Recent News

Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

July 2, 2025
NBA’s Malik Beasley sued for $2.25M by sports agency for breach of contract, alleged unpaid loan amid federal gambling probe – Yahoo Sports

NBA’s Malik Beasley sued for $2.25M by sports agency for breach of contract, alleged unpaid loan amid federal gambling probe – Yahoo Sports

July 2, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version