Hedge Funds Bet on a Stronger Yen: Will Bitcoin Feel It?
Hedge funds are stacking bets that the Japanese yen keeps climbing, with options positioning pointing to a dollar-yen rate below 150 by year-end and, in some longer-dated trades, as low as 140. That positioning reaches well past currency desks. Cheap yen borrowing has bankrolled years of leverage across global risk assets, and Bitcoin (BTC) has The post Hedge Funds Bet on a Stronger Yen: Will Bitcoin Feel It? appeared first on BeInCrypto.
Key Takeaways
- Hedge funds are stacking bets that the Japanese yen keeps climbing, with options positioning pointing to a dollar-yen rate below 150 by year-end and, in some longer-dated trades, as low as 140.
- That positioning reaches well past currency desks.
- Cheap yen borrowing has bankrolled years of leverage across global risk assets, and Bitcoin (BTC) has The post Hedge Funds Bet on a Stronger Yen: Will Bitcoin Feel It?
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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