ienejapones

Since the joint U.S.-Japan intervention, hedge funds have closed nearly 50% of their yen short positions.

Bitcoin ($BTC ) saw its short positions fall 6.5%, to 59,526 contracts, in the week that ended on August 11—more than half since the joint U.S.-Japan intervention at the start of this month. Now, two forces are working against it.

The first is Tokyo. The yen slid to 159.35, giving back half of the intervention’s gains and moving closer to the levels hit in the last intervention. $TUT

Another intervention could occur at any moment, and any short seller would be immediately affected. The second possibility is the Bank of Japan.

According to Polymarket, the probability of a rate hike in September by the Bank of Japan jumped from 22% two weeks ago to 81%. Higher interest rates make holding yen more attractive and short selling more costly. $GPS


#Japan #BitcoinHoldsNear$63500 #IeneJapones #ChinaJulyOutputRetailInvestmentAllMiss #CMESeptemberHikeOddsFallTo30.6%

OS TRADERS ARE BETTING AGAINST THE YEN ON THE HIGHEST SECOND-LEVEL ALREADY RECORDED $HFT

And this is happening just a few days after Japan and the U.S. spent around $88 billion trying to stop the yen’s fall.

Combined net short positions by asset managers and leveraged funds reached -205,000 contracts on July 28, slightly below the 2024 record. Hedge funds alone are the most pessimistic since 2007. $ACE

The intervention happened, and traders immediately returned to selling.

USD/JPY hit 155.2 after the intervention and has already come back to 158.5.

In 2024, positioning reached a similar extreme. When it unwound, the yen moved violently as everyone rushed to close at the same time.

It was the August 2024 crash that pulled global stocks down with it.

There are two ways this gets resolved:

If the BOJ continues lagging in the face of rate hikes, some institutional investors see 200 as a realistic tail risk.

If this position unwinds, USD/JPY could fall to 150 as traders rush to buy back the yen.

Either way, the market decided that the intervention changed nothing. $ZBT

The rate differential still exists, and until the BOJ closes it, no amount of spending fixes the problem.


#JapanRegulatorsUrgeCryptoWithdrawalLimits #CryptoNewss #usdjpy #trading #IeneJapones

JUST ARRIVED:🇯🇵

Japan sells US dollars and buys yen in a massive currency intervention after the yen fell to its lowest level in the last 40 years.

$KOMA $MMT $SNXX 👀👀👀👀


#Japan #KospiHitsIntradayRecordUp17% #IeneJapones #KospiUp15.13%InMorningTrade #KospiJumpsRecord15%