Mrs. Watanabe who suffered the largest loss ever

StorefrontFXNumber of members handling47The Financial Futures Trading Association, which aggregates the companies7Monthly report for July7As of the end of the month, the overall yen selling position on a base currency basis4was over 2 trillion yen for the first time in years,2forming a huge long position in yen selling.3It is estimated that it expanded to over 3 trillion yen during the middle of the month,3which likely became a factor in triggering a rapid yen appreciation of about 20 yen over three weeks.20This could have been a major influence on future USD/JPY movements and on the future of the highly popular Mexican peso-yen pair in FX.FX.