OctaFX | OctaFX Forex Broker
Open trading account

AUD/JPY: retail business backing Aussie investments - Nomura

FXStreet (Guatemala) - Analysts at Nomura noted that Japanese retail investors appear more aggressive in their Australian investments compared to institutional investors.

Key Quotes:

"Specifically, margin traders, so-called “Mrs. Watanabe”, are actively building up their long positions on AUD and NZD."

"According to the ratio of daily net long positions on Gatame.com, the ratio fell at one point through mid-August, but has now increased to 75% for AUD and 80% for NZD, which are much higher than the average (both 63%) since April 2012.

Many investors are worried about the level at which Mrs. Watanabe’s stop-losses will be triggered. Some investors have put on more margin, and although the trigger might not necessarily be a single level, we suspect it could be around and the AUD/JPY 80 mark. If AUD weakens and JPY strengthens further, stop-losses by Mrs. Watanabe could spur a further decline in AUD/JPY."

EUR/USD testing 1.13 in early Tokyo dealing

EUR/USD is picking up some upward momentum in the first minutes of Tokyo trading, currently being dealt around the 1.13 handle, having recovered from a late US dip towards 1.1275, with the bigger picture turned more bullish after a vigorous bounce overnight, following a mildly disappointing US CPI numbers.
Read more Previous

Bearish print added to the EUR/NOK chart

Bearish print added to the EUR/NOK chart
Read more Next
Start livechat