Bitcoin Traders Have a Reason to Watch Tuesday's BOJ Rate Decision. Yen Shorts Are at a Nine-Year High

As short-sellers circle the yen, a repeat of 1997 Asian crisis looms

A Japan declining in competitiveness presents a tempting target, with short-sellers likely to also target economies like India and Indonesia.

Bitcoin traders have a reason to watch Tuesday's BOJ rate decision. Yen shorts are at a nine-year high

A large build-up of speculative short positions in the yen raises the risk of a sharp short squeeze if the BOJ signals more aggressive tightening, potentially unwinding yen-funded carry trades that support risk assets.

Yen short bets jump to nine-year high as carry trade revives

Leveraged funds increased their bearish positions on the yen to over 115,000 contracts in the week through June 9, the highest level since November 2017, data has shown.