The Japanese Yen has weakened to 149.10 per dollar, reaching its lowest level since August. The Yen's decline follows a robust U.S. jobs report and the appointment of Japan’s new prime minister. Hedge funds turned bullish on the Yen just before it experienced its biggest weekly loss against the U.S. Dollar since late 2009.
Hedge funds turned bullish on the yen just before Japan’s new prime minister and a robust US jobs report helped spark the currency's worst week since late 2009 https://t.co/2cXVW38pH7 via @markets
BREAKING 🚨: Hedge Funds Hedge Funds went long the Japanese Yen immediately before it had its worst week in 15 years! Can't make this stuff up folks 😂 https://t.co/1eh48jM5Vi
🇯🇵 Hedge Funds Bought #Yen Right Before the Biggest Drop in 15 Years – Bloomberg https://t.co/JLGOaU7LdE https://t.co/FJbIbEPSKj