Hedge fund reduces long positions in the Japanese yen, asset management company maintains bullish stance.

Although the position of asset management companies has become more optimistic, the reduction of bullish bets on the yen by hedge funds highlights the uncertainty of the yen's prospects. Data from the U.S. Commodity Futures Trading Commission shows that in the week ending May 27th, short-term funds reduced their net long positions in the yen by 12,183 contracts, the largest reduction so far this year. At the same time, asset management companies increased their bullish bets on the yen by 3,218 contracts.