JPY Short Positions Deepen: Implications for Major Pairs Amid Policy Divergence

JPY short positions deepened to ¥-145.8K from ¥-129.6K, signaling continued depreciation expectations. Monetary policy divergence, particularly between the BOJ's dovish stance and other hawkish central banks, remains the primary driver. Technical analysis supports a bullish trend for pairs like USD/JPY. Strategic insights suggest favoring long positions on JPY crosses but monitoring intervention risk and crowded positioning.