美银调查：全球基金经理对日元看空情绪达到2022年以来最高

Odaily Planet Daily News A Bank of America survey shows that global portfolio managers' bearish sentiment on the yen has risen to its highest level in about four years, as risks surrounding Japan's fiscal and monetary policy outlook outweigh the possibility of the Japanese government intervening in the forex market.

“Investors' bearishness on the yen exchange rate has reached its highest since 2022, driven mainly by monetary policy and fiscal policy risks,” Bank of America strategists Ralf Preusser and Adarsh Sinha wrote in a report on July 10. The Bank of America survey indicated that 40% of respondent traders are bearish on the yen due to Japan's fiscal and central bank policy risks, up from 35% in June. As the US-Japan interest rate differential narrows, 10% of respondents are bullish on the yen, down from 12% in June.

Meanwhile, data from the US Commodity Futures Trading Commission (CFTC) showed that net short yen positions held by speculative leveraged funds were at their highest level since 2007 as of the end of June.