Market Insight: Recent short positioning of yen was 'extremely excessive'

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Published Jul 25, 2024

CIBC's Jeremy Stretch explains why an unwind of risk appetite driven by the retreat of the magnificent seven stocks in the US contributed to a Yen rally this week, which was fueled further by a realization that a short positioning on the Yen was excessive.

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Market Insight: Recent short positioning of yen was 'extremely excessive' | REUTERS

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