TOKYO — Speculative short positions in the yen, which had swelled to their second-highest level, have begun to drop as Japan’s suspected yen-buying intervention this month caught the market off guard.
As of Tuesday, yen short positions held by market players such as hedge funds totaled a net 151,072 contracts, the U.S. Commodity Futures Trading Commission reported Friday, a drop of 30,961 contracts from the previous week.
