Bets on the decline of the yen have reached their highest in the last 17 years, while the Japanese national currency continues to fluctuate near the key level. This increases the risk of the Bank of Japan's intervention in the foreign exchange market. The Commodity Futures Trading Commission of Japan noted an increase in net short yen positions made by leveraged funds and asset managers to 148,388 contracts in the week ended April 2. This growth occurred despite warnings from the Bank of Japan about a possible fall in the currency – that is, the currency still has a lot to fall, given the gap in interest rates between Japan and the United States. However, despite all the economic indicators and warnings from the Bank of Japan, the number of buyers of the yen has not increased, and sales of the currency may increase. The yen is approaching its lowest in the last 34 years, and even the Bank of Japan's first rate hike in 17 years has not yet affected market dynamics. On Tuesday, the yen is trading at around 151.84.
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