| As Japan’s central bank again ponders steps to rouse the country’s sluggish economy, an array of market forces is betting against it. Asset managers are trimming bets the yen will weaken against the U.S. dollar and increasingly betting it will strengthen instead.
That has supported a steady increase in yen buying that is the opposite of what the Bank of Japan had expected to happen through its monetary easing. Speculative buyers, including some hedge funds, have also been piling on bets since early this year that the yen would appreciate...............................................Full Article: Source
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