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Speculators turn net long on yen for first time since February
TOKYO: Speculators turned to a net long position on the yen for the first time since February, data showed late on Friday, a display of growing momentum behind Japan’s beleaguered currency. Yen futures data from the Commodity Futures Trading Commission showed net non-commercial positions amounting to 10,796 long contracts in the week to September 8. That is a reversal from net shorts of 92,227 for the week prior and the first overall long reading since February 24. The yen has surged this month on expectations for an accelerated schedule of rate hikes by the Bank of Japan and a potent...
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