Yen’s $103 Billion Short Risks Unwind Below 155, JPMorgan Says

JPMorgan Chase strategists said that if the yen strengthens beyond 155 per dollar, a reduction in large short positions could accelerate further gains in the currency. The bank identified $103 billion in short yen positions that could trigger such an unwind. JPMorgan did not specify a timeline for when this movement might occur.

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