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Japan’s day traders are making record bullish bets on their home currency, just as the world turns against it.

As the yen slumped to a six-year low against the dollar last week, retail investor net-long aggregate positions in the currency climbed to ¥258 billion ($2.1 billion) — an all-time high — according to a Bloomberg analysis of Tokyo Financial Exchange Inc. data going back to 2006. A bulk of the yen positions versus 14 peers were against the dollar and the euro, while investors are bullish on the Mexican peso, South African rand and Turkish lira.

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