Debate is swirling as to whether Japan's suspected currency market intervention to support the yen recently has been or will be a success, but if the aim was to target speculative activity, Tokyo may be feeling vindicated. The latest Commodity Futures Trading Commission data show that hedge funds and speculators slashed their short yen positions by 20% in the week to May 7, the biggest weekly yen-bullish swing since March 2020. Funds have probably rebuilt some of that short yen position, as the dollar has climbed back up through 155.00 yen.
EA Sports is reviving its college football video game franchise this year, and the Gators are getting some love in the pre-release teasers.
Rex & Lav weigh in on the three major favorites, Rory's latest win and Xander's latest defeat.