Peter Brandt Warns EUR/JPY Short Position at Record High Amid Yen Gains
Current overview (not historical)
Trader Peter Brandt announced on X that his firm's EUR/JPY short position has reached its largest size yet, citing direct Washington intervention and a July 31 U.S. Treasury sale of euros for yen. He also noted a 80% probability, according to overnight index swaps, of a Japanese Central Bank rate hike in December, as the currency pair declined from its April high of 187.5 to 175.65.
Written with AI from the reporting · updated 10/23/2026
Expand the detailed fact route and sources
Story route
A station-by-station route from the first public evidence onward; every station carries its own evidence and uncertainty.
- 1Unclassified fact stationOct 23, 00:00recorded Oct 23, 12:19single source
Peter Brandt EUR/JPY short largest position
Read original source ↗ BeInCryptoReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- Peter Brandt
- Action：
- posted on X
- Object：
- EUR/JPY short position
- Occurred (fact side)：
- Oct 23, 00:00
- Published (valid side)：
- Oct 23, 11:54
- First seen (known side)：
- Oct 23, 12:19
Fact stationSingle source · one-sided claimCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
Uncertainty marks flag where to check the sources; they are not proven causation.
Report timeline
Explore every side through dated source reports.
- BeInCryptoRelated fact: single sourcePeter Brandt's firm holds largest EUR/JPY short position amid Yen gains
Report first recorded Oct 23, 12:19
Trader Peter Brandt stated that a EUR/JPY short is now his firm’s largest futures and currency position, with the pair trading at 175.65 in futures, down from an April high near 187.5. Despite the ECB paying 2.5% on deposits versus the BOJ's 1.25%, the Yen is gaining, partly due to US Treasury intervention on July 31, which helped lift the yen to 157.57 per dollar from a 163.73 low. Japan's core inflation reached 2.1% in September, surpassing the BOJ's 2% target, and overnight swaps imply an 80% chance of a December BOJ hike, while the ECB is set to decide on October 29 and the BOJ on October 30.
Read original source ↗
Event discussion
Reader opinions are hosted on GitHub Discussions; posting requires a GitHub account. Comments are not verified facts.