Hedge Funds Most Bearish on Yen Since 2007, Driving Corporate Bitcoin Interest

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Hedge funds have reached their most bearish position on the Japanese yen since 2007, with short bets climbing to nearly 138,000 contracts as of June 30. The sharp decline in the yen's value is creating financial pressure on Japanese companies. In response, some firms are reportedly turning to cryptocurrencies such as Bitcoin and XRP as alternative stores of value. The trend reflects growing corporate interest in digital assets amid currency instability in Japan.

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