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Forex Flash: Toshin: Small net selling continues - Nomura

FXstreet.com (Barcelona) - Nomura strategist Yujiro Goto notes that Japanese retail investors were net sellers of foreign securities via toshins in February for the fourth consecutive month.

He writes, “Toshin momentum remained weak even though JPY weakness and the rise in Japanese equities gathered steam. However, we expect toshin momentum to recover gradually in 2013, as retail investors are likely to be more risk-tolerant. The shift from AUD into EM currencies in the toshin market continued in February.”

Fed likely to soldier forth with monetary easing despite reinvigorated Cypriot risk

The Federal Reserve looks primed to continue its USD $85B monthly bond-buying stimulus program, despite the generally improving U.S. economic data as of late. More interestingly for investors is the newest specter of risk, i.e. the bourgeoning situation in Cyprus, in which the euro zone crisis reminds officials of a volatile global environment.
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Forex Flash: Two notable developments among the Antipodeans - BBH

Brown Brothers Harriman analysts note that there are two notable developments among the Antipodeans.
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