FX.co ★ Yen Bears Deepen Their Bets as CFTC Data Shows Steeper Net Short Positions

Speculators have intensified their bearish stance on the Japanese yen, with CFTC data showing a notable increase in net short positions. According to the latest figures updated on 10 April 2026, JPY speculative net positions widened from -72.9K to -93.7K.

The growing negative balance indicates that traders are increasingly positioning for a weaker yen in the futures market. This shift suggests mounting skepticism over the currency’s near-term prospects, as market participants add to short exposures rather than scaling back. While the data do not reveal the drivers behind the move, the sharp rise in net shorts underscores a clear deterioration in speculative sentiment toward Japan’s currency.