Hedge funds turn bullish on the yen for the first time in 14 monthsis a reversal signal for carry trades emerging?

Zhito Finance App has learned that data released by the U.S. Commodity Futures Trading Commission (CFTC) on Friday showed that hedge funds liquidated their short bets against the yen in the week ended September 15 and began building long positions for a stronger yen the first time since July 2025 that leveraged funds have turned overall bullish on the yen, and a notable shift in sentiment weeks after U.S. and Japanese authorities jointly intervened in the foreign exchange market. These funds currently hold bullish yen positions of about 251 billion yen ($1.6 billion).