# Has the Yen Really Bottomed? Hedge Funds Abandon Bets on Further Yen Weakness

> Hedge funds' net short yen positions fell to about 14,000 contracts by October 27, roughly one-eighth of the late-June peak. The report says structural yen selling persists due to higher crude prices, overseas investment, NISA inflows and the digital deficit. USD/JPY traded in a narrow 2.87-yen range in October, the smallest in 4.5 years.

- Date: 2026-11-01 · published 2026-11-01T23:41:44.476Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/74250-has-the-yen-really-bottomed-hedge-funds-abandon-bets-on-further-yen-weakness
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Higher crude import costs keep pressure on Japan's currency, which raises the yen cost of imported feed grains and meal, but the story describes positioning rather than a new shock.

## Sources

- en.bloomingbit.io: https://en.bloomingbit.io/feed/news/123391

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