---
title: TRADERS ARE BETTING AGAINST THE YEN AT THE SECOND HIGHEST LEVEL EVER RECORDED
description: "And this is happening just days after Japan and the US spent an estimated $88 billion trying to stop the yen from falling.\n\nCombined net short positions from asset managers and leveraged funds hit -205,000 contracts as of July 28, just short of the 2024 record. Hedge funds alone are the most bearish since 2007.\n\nThe intervention happened, and traders went right back to shorting.\n\nSource: Bloomberg, Bull Theory"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [TRADERS ARE BETTING AGAINST THE YEN AT THE SECOND HIGHEST LEVEL EVER RECORDED](https://blog.syzgroup.com/syz-the-moment/traders-are-betting-against-the-yen-at-the-second-highest-level-ever-recorded)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Aug 7, 2026, 2:33:49 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/traders-are-betting-against-the-yen-at-the-second-highest-level-ever-recorded)

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