According to the latest data from the U.S. Commodity Futures Trading Commission (CFTC), as of the week ending September 29, leveraged funds have once again turned net short on the Japanese Yen, with bearish bets totaling approximately JPY 210 billion (USD 1.3 billion). Hedge funds completed a shift from net long to net short within two weeks, indicating that the market believes the Bank of Japan's September rate hike and warnings about a weak Yen from U.S. and Japanese officials, including Donald Trump and U.S. Treasury Secretary Scott Bessent, are still insufficient to alter the interest rate differential disadvantage between the Yen and the U.S. Dollar.