 "Yen")
US President Donald Trump’s coronavirus infection may provide the catalyst for hedge funds to catch up with asset managers’ bullish bets on the yen.
Leveraged funds are likely to buy the Japanese currency as the diagnosis triggers a surge in haven bids, reversing the small bearish position they held last week. This would bring them in line with portfolio managers who held a record amount of bullish bets. The yen rallied against all its major peers on Trump’s announcement Friday as investors sought refuge in the safest of assets.
The infection is rattling markets as traders seek to assess the
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