40% of Traders Are Bearish on the Yen, Bank of America Survey Finds

A Bank of America survey found that 40% of respondent traders are bearish on the Japanese yen, marking the highest level since 2022. According to NS3.AI, the survey points to a notable rise in negative sentiment toward the currency among traders. Separately, data from the U.S. Commodity Futures Trading Commission (CFTC) showed that speculative leveraged funds held net short yen positions at their highest level since 2007 as of the end of June.