# Yen bulls stock up on options for any BOJ spring surprises

> Investors betting on Japan's first rate hike in nearly two decades have shifted from outright yen cash positions to options. Reuters reports that inflation has run above target for over a year and that a rate rise is widely expected within months. Options are being used to hedge against disappointment.

- Date: 2024-01-26 · published 2024-01-26T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/32362-yen-bulls-stock-up-on-options-for-any-boj-spring-surprises
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

The expected end of Japan's negative rates is a medium-term driver of a stronger yen, which lowers Japan's import costs for feed. Positioning shifts like this have little direct effect on commodity prices.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/yen-bulls-stock-up-options-any-boj-spring-surprises-2024-01-26/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.