www.bloomberg.com
Hedge funds are doubling down on their bearish bets against the Japanese yen, brushing off repeated warnings from Tokyo about potential currency intervention. Analysts say investors are purchasing put options that would pay out if the yen weakens toward 165 per dollar—a level not seen since 1986 and well beyond the current rate of around 155. The strategy is a calculated gamble that Japanese authorities won’t intervene until the yen hits that historical low, offering traders significant potential returns despite the risk of sudden government action.
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