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2026.07.1019:30:00UTC+00Yen Bears Retreat as Speculative Shorts Narrow, CFTC Data Shows

Speculative traders have scaled back their bearish bets on the Japanese yen, according to the latest Commitments of Traders data from the CFTC released on 10 July 2026. Net speculative positions in JPY improved to -123.8K contracts, up from -155.1K previously.

The shift indicates a partial unwinding of short yen positions, suggesting that some market participants are less confident in further yen weakness than before. While positioning remains net short overall, the reduction in negative bets may point to a more cautious stance toward downside risks in the currency.

For investors, the move could signal that the most aggressive phase of yen selling has eased, even as sentiment remains broadly negative. Market attention will now focus on whether this moderation continues in coming weeks or proves a temporary adjustment within a still-bearish outlook.

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