Global Portfolio Managers' Bearish Yen Sentiment Reaches 4-Year High on Policy Risks

According to Bank of America's July 10 survey report, global portfolio managers' bearish sentiment on the Japanese yen reached its highest level since 2022, driven primarily by concerns over Japan's fiscal and monetary policy risks. The survey found that 40% of participating traders hold a bearish view on the yen, up from 35% in June, with policy uncertainty identified as the main factor overshadowing potential government forex market intervention.
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