Speculators turned bullish on the yen for the first time since February, signalling growing momentum behind Japan's currency as markets increasingly anticipate faster interest-rate hikes by the Bank of Japan, Reuters reported.
Yen futures data from the U.S. Commodity Futures Trading Commission showed that net non-commercial positions stood at 10,796 long contracts in the week ended September 8, compared with net short positions of 92,227 contracts a week earlier. It was the first net-long reading since the week ended February 24, Reuters reported.
