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5 Jun 2013
Flash: Japanese retail Investors net buys of foreign exchange - Nomura
FXstreet.com (Barcelona) - Nomura strategist Yujiro Goto notes that Japanese retail investors were net buyers of foreign currencies via currency selection-type toshins last week.
He adds that net purchases declined to JPY28bn (USD280mn) from the previous week (JPY47bn). TRY was the most popular currency last week (JPY17bn) for the first time in two weeks. Further, cumulative investment in TRY in May reached to JPY112bn, the biggest monthly purchase. BRL (JPY11bn), USD (JPY10bn), MXN (JPY4bn), and ZAR (JPY2bn) also attracted retail money. Net selling of AUD accelerated to JPY26bn, its biggest net weekly selling since mid-December. He writes, “In terms of underlying assets of currency selection-type toshins, Japanese equities were the most popular. Retail investors were net buyers of Japanese equities via currency selection-type toshins, to the tune of JPY24bn. Cumulative investment in May has reached JPY259bn.”
He adds that net purchases declined to JPY28bn (USD280mn) from the previous week (JPY47bn). TRY was the most popular currency last week (JPY17bn) for the first time in two weeks. Further, cumulative investment in TRY in May reached to JPY112bn, the biggest monthly purchase. BRL (JPY11bn), USD (JPY10bn), MXN (JPY4bn), and ZAR (JPY2bn) also attracted retail money. Net selling of AUD accelerated to JPY26bn, its biggest net weekly selling since mid-December. He writes, “In terms of underlying assets of currency selection-type toshins, Japanese equities were the most popular. Retail investors were net buyers of Japanese equities via currency selection-type toshins, to the tune of JPY24bn. Cumulative investment in May has reached JPY259bn.”