FX.co ★ Speculators Trim Net Short Bets on Yen as CFTC Data Shows Bearish Pressure Easing

The latest data on Japanese yen positioning shows speculative traders have meaningfully reduced their bearish bets. According to figures updated on 08 May 2026, CFTC JPY speculative net positions improved to -61.7K from a previous level of -102.1K.

While positioning remains net short, the sharp contraction in negative bets suggests some market participants are scaling back expectations for further yen weakness. The shift may reflect changing views on interest rate differentials, policy signals from the Bank of Japan, or broader adjustments in risk sentiment, even though the currency is still positioned on the bearish side overall.

The move from -102.1K to -61.7K highlights a moderation in speculative pressure against the yen, a development that investors and FX traders will be watching closely for potential confirmation in spot market price action and future positioning data.