Hedge funds bet the yen is ready to break out and surge massively against the dollar

Hedge funds are now aggressively betting that the yen is about to punch through its months-long range and jump hard against the dollar, according to data from Bloomberg. The currency has been stuck around 147 per dollar, but recent options activity shows traders are building positions to profit if it strengthens beyond 145. On August […] source: https://www.cryptopolitan.com/hedge-funds-bet-yen-is-ready-to-break-out/