Back
28 Mar 2013
Forex Flash: Foreign investors sold Japanese equities for the first time in 19 weeks - Nomura
FXstreet.com (Barcelona) - Nomura strategist Yujiro Goto notes that the deterioration of risk sentiment over European woes led to foreign selling of Japanese equities.
He writes, “Foreign investors also sold Japanese bonds and money market instruments. Safe haven demand for Japanese fixed income products remains weaker than the first half of last year.” Looking towards Toshin sales, he notes that there was net buying of JPY25bn (USD275mn) in foreign currency-denominated toshins on 26 March, according to NRI. Additionally, there has been net buying for a fourth consecutive business day.
He writes, “Foreign investors also sold Japanese bonds and money market instruments. Safe haven demand for Japanese fixed income products remains weaker than the first half of last year.” Looking towards Toshin sales, he notes that there was net buying of JPY25bn (USD275mn) in foreign currency-denominated toshins on 26 March, according to NRI. Additionally, there has been net buying for a fourth consecutive business day.