Hedge funds are cautiously long below the $155/JPY level and are hesitant to add to short positions. Market traders reveal that these funds are wary of the current exchange rate trend, concerned that in the absence of official intervention, the USD/JPY may gradually rise and break through the 155 level. This reflects hedge funds' cautious attitude towards the future of USD/JPY and also indicates that market participants are closely watching whether the central bank will intervene in the currency market. From a technical perspective, 155 has become an important support level, and hedge funds' sensitivity to this level suggests that a break could trigger larger-scale position adjustments.

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