Hedge funds are betting on the Japanese yen to soon break free from its stability and begin a strong appreciation trend.

According to the Wise Finance APP, hedge funds are starting to bet that the Japanese yen will break out of its recent narrow trading range and start to appreciate against the US dollar. Data from the Chicago Mercantile Exchange (CME) shows that leveraged investors are building positions in the options market. If the yen breaks through the current narrow trading range of around 1 US dollar to 147 yen and rises above the 145 level, these positions will profit.