Hedge funds turned bullish on the yen for the first time in more than a year, with net long positions rising to about $1.6 billion. Forex market volatility intensified after the Bank of Japan and the Federal Reserve raised interest rates.

Zhito Finance APP has learned that the latest data from the U.S. Commodity Futures Trading Commission (CFTC) show that hedge funds have turned bullish on the yen for the first time since July 2025. Just weeks earlier, U.S. and Japanese authorities had intervened in the market to support the yen, and as expectations for the subsequent policy path have shifted, leveraged funds have begun betting on further strengthening of the yen.