Yen
Japanese Yen
Week of May 12, 2026
BEARISH
Smart money is net short and reducing.
2Y percentile: 22th — Well below average
Weekly change: -9,543 contracts
Weekly Changes
Asset Managers-9.4K
Leveraged Funds-9.5K
Dealers+20.3K
Other Reportable-269
Positioning Percentile (2Y)
Asset Managers
18thWell below average
050100
Leveraged Funds
22ndWell below average
050100
Dealers
86thWell above average
050100
Other Reportable
25thWell below average
050100
Full Stats Table
| Trader Type | Net Position | Weekly Change | 2Y Percentile | 5Y Percentile |
|---|---|---|---|---|
| Asset Managers | -20.0K | -9.4K | 18th | 53rd |
| Leveraged Funds | -62.4K | -9.5K | 22nd | 18th |
| Dealers | +42.2K | +20.3K | 86th | 43rd |
| Other Reportable | +39.3K | -269 | 25th | 70th |
About Yen Positioning
The original carry trade currency. Yen positioning reflects global risk appetite and interest rate differentials. When specs pile into yen shorts, they're funding carry trades elsewhere. Rapid yen short covering has triggered some of the most violent unwinds in market history.