BeInCrypto
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
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