Bob Elliott: Market dynamics shift in favor of Japanese yen as shorts remain crowded

Bob Elliott: Market dynamics shift in favor of Japanese yen as shorts remain crowded
Japanese yen poised for reversal move

Bob Elliott, co-founder / CIO at Unlimited, highlights that Japanese yen short positions are currently crowded, even as economic conditions and policy shifts are moving to support Japan. Elliott points to changing asset market dynamics that could set the stage for a reversal in the currency’s direction.

Elliott has previously commented on shifting trends in other asset classes. He cited reduced central bank gold buying as a likely factor behind recent softness in the gold market. In another note, Elliott cautioned that $5 trillion in planned AI investment could risk disappointing returns or unmet capex expectations.

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