Citi’s Yen Pain Gauge Rises Above Zero for First Time Since 2021, Reflecting Positive Sentiment
The Rise of Yen Positioning: Citigroup’s Pain Gauge Introduction Bloomberg carries the report on Citigroup’s pain gauge for the yen. This measures overall trader positioning. It’s above zero for the first time since 2021, a sign of increasing positive sentiment. Investors continue to bet the BOJ’s change of leadership in April will be a catalyst…