Hedge Funds Bet on a Stronger Yen: Will Bitcoin Feel It?

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Hedge funds are stacking bets that the Japanese yen keeps climbing, with options positioning pointing to a dollar-yen rate below 150 by year-end and, in some longer-dated trades, as low as 140. That positioning reaches well past currency desks. Cheap yen borrowing has bankrolled years of leverage across global risk assets, and Bitcoin (BTC) hasThe postHedge Funds Bet on a Stronger Yen: Will Bitcoi...