FX.co ★ Speculators Trim Bearish Bets on Yen as CFTC Net Shorts Narrow Slightly

Speculative positioning in the Japanese yen improved marginally in the latest reporting week, with traders reducing their net short exposure, according to CFTC data updated on 17 July 2026.

The CFTC JPY speculative net positions rose to -122.7K contracts from a previous -123.8K, indicating a small pullback in bearish bets against the currency. While the yen remains heavily shorted overall, the modest shift suggests some market participants may be reassessing the scale of their negative stance.

The data will be closely watched by investors tracking sentiment toward the yen, as even incremental adjustments in speculative positioning can foreshadow broader shifts in currency market dynamics.