FX.co ★ Speculators Trim Net Short Bets on Yen, CFTC Data Show

Speculative traders have slightly reduced their bearish positions on the Japanese yen, according to the latest data on JPY speculative net positions from the U.S. Commodity Futures Trading Commission (CFTC), updated on 27 March 2026.

Net speculative positions in the yen improved to -62.8K contracts, from a previous level of -67.8K. While the figure remains in negative territory, indicating that short positions still outweigh longs, the move suggests a modest easing of pessimism toward the Japanese currency.

The narrowing of net shorts may reflect shifting expectations among market participants regarding the yen’s outlook, though the data alone do not specify the underlying drivers. Investors will be watching future CFTC releases to see whether this adjustment marks the start of a broader repositioning or simply a short-term pause in bearish sentiment.