Citi’s yen pain gauge above zero for the first time since 2021. Rising positive sentiment. | Forexlive

Bloomberg (gated) carries the report on Citigroup’s pain gauge for the yen.

This measures overall trader positioning. Its above zero for the first time since 2021,

• a sign of increasing positive sentiment.
• Investors continue to bet the BOJ’s change of leadership in April will be a catalyst for more policy tweaks, which are seen boosting JPY

Bloomberg provide this graphic: