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Flash: Japanese investor net seller of Foreign denom toshins last week - Nomura

FXstreet.com (Barcelona) - Nomura Strategist, Yujiro Goto notes that Japanese investors are estimated to have sold JPY97bn (USD1.0bn) of foreign currency-denominated toshins last week according to NRI.

He sees that this is the first net selling in four weeks and by contrast, retail investors accelerated their investment in domestic assets via toshins to JPY76bn (USD0.7bn) from JPY7bn. Further, retail investors still prefer domestic risky assets to foreign assets for now. He writes, “As we explained in the recent report, we will focus on the increasing popularity of foreign currency-denominated Japanese equity toshins, which generate JPY selling.”

Flash: ECB rates hinge on oil prices – UBS

“With the Swiss National Bank continuing to cap the franc against the euro and the Bank of Japan having just committed last month to double the monetary base, the central banks more likely to respond in the near-term to lower oil prices dragging down inflation further appear to be the ECB, the Riksbank and the BoE.” notes the UBS Research Team.
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Flash: USD/JPY broader trend still is positive territory – TD Securities

After a survey of Japanese corporations released by Reuters earlier noted that nearly half of the respondents (48%) wanted USD/JPY to stabilize around JPY100, TD Securities noted that the broader trend in USD/JPY still looks positive.
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