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Flash: Japanese investors sold foreign bonds last week, for the second week in a row - Nomura

FXstreet.com (London) - Strategist, Yujiro Goto at Nomura said that the selling accelerated to JPY1117bn (USD11.0bn) from JPY801bn the previous week. He added saying they were also net sellers of foreign equities to the tune of JPY105bn (USD1.0bn). 10yr JGB yields recorded 1.0% briefly last week, which discouraged domestic investors from purchasing foreign assets.

Also, he mentions that pension funds were big sellers of Japanese equities (JPY466bn) last week according to Tokyo Stock Exchange, suggesting pension funds' selling of risky assets while adding JGBs to rebalance their portfolios is likely to boost the foreign assets liquidation last week.

US Apr Pending Home Sales (YoY) increase 10.3%; 0.3% (MoM)

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US: Annual Pending Home Sales grow 10.3% in April

On an annual basis US Pending Home Sales rose 10.3% in April, down from the 7% increase the previous month, the National Association of Realtors reported on Thursday. Analysts expected more growth of 12.6%.
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