According to a survey by Bank of America, global portfolio managers' bearish sentiment towards the Japanese yen has risen to its highest level since 2022 due to the impact of Japan's fiscal and monetary policy risks. According to a report by Bank of America strategists Ralf Preusser, Adarsh Sinha, and others on July 10th, 40% of surveyed traders are bearish on the yen due to Japan's fiscal and central bank policy risks, while 10% of respondents are bullish on the yen. According to data from the US Commodity Futures Trading Commission (CFTC), as of the end of June, speculative leveraged funds held the highest net short positions in the Japanese yen since 2007.
