5 Mar 2015
Japanese retail investors remain in favour of Asian currencies – Nomura
FXStreet (Barcelona) - Yujiro Goto, Research Analyst at Nomura, shares that Japanese retail investors were net sellers of foreign currencies but with the purchase of the Asian currency basked at JPY22bn, they remain in favour of Asian FX.
Key Quotes
“Retail investors were net sellers of foreign currencies in the currency selection-type toshin market last week for the second week in a row. They sold JPY1bn ($10mn) of foreign currencies via toshins.”
“They continued to purchase the Asian currency basket, to the tune of JPY22bn, the biggest amount since April 2014, while selling USD (-JPY20bn) and BRL (-JPY8bn). Retail investors’ interest in the Asian currencies is likely to remain strong for now.”
“There was net buying of JPY73bn (USD620mn) in foreign currency-denominated toshins on 2 March, according to NRI, for the 50th consecutive business day.”
Key Quotes
“Retail investors were net sellers of foreign currencies in the currency selection-type toshin market last week for the second week in a row. They sold JPY1bn ($10mn) of foreign currencies via toshins.”
“They continued to purchase the Asian currency basket, to the tune of JPY22bn, the biggest amount since April 2014, while selling USD (-JPY20bn) and BRL (-JPY8bn). Retail investors’ interest in the Asian currencies is likely to remain strong for now.”
“There was net buying of JPY73bn (USD620mn) in foreign currency-denominated toshins on 2 March, according to NRI, for the 50th consecutive business day.”