It's often called a «safe haven» currency but it was rising in January even as the US stock market was soaring... so there's something else in play... any unwinding of the massive short
Yen positioning in the futures markets could accelerate the rally.
Not exact matches
This is because the speculative net - short
position in Yen futures is not far from an all - time high.
Traders are lining up to short the
yen right now; the short
position in the currency recently hit a five - year high, as measured by the U.S. Commodities
Futures Trading Commission.