17 Oct 2013
Flash: Japanese retailers slowing AUD selling in toshin market - Nomura
FXstreet.com (Barcelona) - Japanese retail investors continued to sell AUD (-JPY6bn or -USD60mn), yet the pace of AUD selling has been slowing, notes Yujiro Goto, FX Strategist at Nomura.
Key Quotes
"Our higher frequency estimate suggests that retail investors became net buyers of AUD in the market recently, for the first time since early May. Declining expectations of further RBA rate cuts are likely to discourage retail investors from selling AUD."
Key Quotes
"Our higher frequency estimate suggests that retail investors became net buyers of AUD in the market recently, for the first time since early May. Declining expectations of further RBA rate cuts are likely to discourage retail investors from selling AUD."