The Zhitong Finance App learned that although the Bank of Japan raised interest rates as scheduled last month, the yen continues to face depreciation pressure due to its policy stance not reaching the level of hawkish market expectations, and the spread between the US and Japan is still significant. According to the latest data from the US Commodity Futures Trading Commission (CFTC), hedge funds have re-established short positions in yen, reversing the previous two consecutive weeks of bullish bets. At the same time, speculative capital further increased long positions in the US dollar and turned net shorting of the pound for the first time since 2024, reflecting increased bullish sentiment on the US dollar in the foreign exchange market.

The Zhitong Finance App learned that although the Bank of Japan raised interest rates as scheduled last month, the yen continues to face depreciation pressure due to its policy stance not reaching the level of hawkish market expectations, and the spread between the US and Japan is still significant. According to the latest data from the US Commodity Futures Trading Commission (CFTC), hedge funds have re-established short positions in yen, reversing the previous two consecutive weeks of bullish bets. At the same time, speculative capital further increased long positions in the US dollar and turned net shorting of the pound for the first time since 2024, reflecting increased bullish sentiment on the US dollar in the foreign exchange market.