[Bank of America Survey: Global Fund Managers' Bearish Sentiment on the Yen Hits Highest Since 2022] Odaily Planet Daily News – A Bank of America survey reveals that global portfolio managers' bearish sentiment toward the yen has risen to its highest level in nearly four years, as risks surrounding Japan's fiscal and monetary policy outlook outweigh the likelihood of government intervention in the foreign exchange market. Bank of America strategists Ralf Preusser, Adarsh Sinha, and others wrote in a report on July 10: 'Investors' bearish sentiment on the yen has reached its highest level since 2022, driven primarily by risks related to monetary and fiscal policy.' The Bank of America survey shows that 40% of surveyed traders are bearish on the yen due to risks associated with Japan's fiscal and central bank policies, up from 35% in June. Meanwhile, 10% of respondents are bullish on the yen due to narrowing U.S.-Japan interest rate differentials, down from 12% in June. At the same time, data from the U.S. Commodity Futures Trading Commission (CFTC) indicates that as of the end of June, speculative leveraged funds held the largest net short positions on the yen since 2007.