Hedge Funds Reload Long Yen Trades Ahead of G-7 Meeting

Hedge funds and long-term investors are re-entering trades looking for the yen to rally ahead of potential currency talks this week between the US and Japan.

Japanese Finance Minister Katsunobu Kato said on May 16 he will seek an opportunity for currency talks with his US counterpart Scott Bessent this week, amid speculation that President Donald Trump’s administration is open to a weaker greenback.