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المشهد العربي
Hedge funds increase bets against yen
The Japanese yen declined for the third consecutive week due to ongoing economic pressures and the significant interest rate gap between Japan and the United States. Data showed that hedge funds maintained net short positions worth around $1.3 billion, completely abandoning their previous bets on a currency appreciation, despite officials' statements about the negative implications of a weak currency. Although the Bank of Japan raised interest rates, its communication was not decisive enough, and the continued divergence in monetary policies is exerting pressure on the yen's value.
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