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Yen Buys Surpass Sales Since Early 2026
For the first time since February 2026, the positions of traders on the Japanese yen have changed, registering a net buy of 10,796 contracts compared to a net sell of 92,227 contracts in the previous week, reflecting increased confidence in the Japanese currency. This shift was supported by expectations of a rate hike from the Bank of Japan, which led the yen to reach its strongest level since February 17, with the dollar-yen exchange rate rising to 152.89 yen. This change comes after a prolonged period of yen weakness over the past years, with the currency falling to its lowest level in four decades at 163.99 yen per dollar in July, following the election of a leader from the expansionist camp and increasing prospects of monetary policy tightening.
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