【Hedge Funds Are Turning Bullish And Betting That The US Dollar Will Rise To 165 Yen】Leveraged Funds Are Instead Optimistic About USD/JPY. They Are Opening Positions One After Another, Betting That The Pair Will Rise 5% Over The Next Few Months. Following The Hawkish Interest Rate Decisions Of The Federal Reserve And The Bank Of Japan'S Dovish Interest Rate Last Week, Hedge Funds Have Poured Into Bullish Dollar-Yen Option Deals. These Views Have Also Dampened Sentiment In The Yen, And The Market Is Now Less Optimistic About The Pre-Japanese Outlook. After The Central Bank Made A Decision On December 19, The Volume Of USD/JPY Transactions On Dtcc Soared, And The Total Amount Exceeded 23 Billion US Dollars, Which Exceeded The Previous High Of About 15 Billion US Dollars This Month. As Of 14:19 Tokyo Time On Monday, USD/JPY Is The Most Active Currency Pair For Options Trading On Dtcc. “We Are Seeing Hedge Funds Buying USD/JPY Call Options Or Digital Options In The Hope That The Pair Will Rise To The 160-165 Range, Despite Warnings From Japan'S Minister Of Finance And The Ministry Of Finance.” Mukund Daga, Head Of Asian Fx Options At Barclays Bank In Singapore, Said. The Dollar Closed At 156.31 Yen Against The Yen On Friday, And The Yen Fell 0.2% To 156.60 At 15:13 Tokyo Time