Business Insider – You really can’t look anywhere right now without reading about someone hating the yen.
I hadlunch yesterday with a bunch of old friends/colleagues/acquaintances from the HF/investment/HNW markets. The result was a wide-ranging debate about markets. Everyone wants the yen to weaken (FX folks want to short the yen, equity folks think a weaker yen can let the Nikkei play catch-up).
Morgan Stanley’s big 2013 currency outlook is called: FX Outlook 2013:
There are news reports about how traders are seeing “vindication” in their longtime bearishness.
Per the CFTC, traders ahve recently gone net short the yen for the first time since the Spring (chart via SocGen):
Goldman’s Jim O’Neill says he’s been a longtime Yen bull, but has now gone negative: More>>