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16 May 2013
Forex Flash: Toshins are gathering steam - Nomura
FXstreet.com (Barcelona) - Nomura strategist Yujiro Goto notes that Japanese retail investors were net buyers of foreign securities via toshins in April for the second month in a row.
He adds that according to high frequency data, recovery of toshin momentum is likely to continue in May. He writes, “We expect toshin momentum to recover gradually, as retail investors have clearly become more risk-tolerant. The gradual shift from AUD into EM currencies in the toshin market continued in April. In particular, TRY is getting more popular in toshin market.”
He adds that according to high frequency data, recovery of toshin momentum is likely to continue in May. He writes, “We expect toshin momentum to recover gradually, as retail investors have clearly become more risk-tolerant. The gradual shift from AUD into EM currencies in the toshin market continued in April. In particular, TRY is getting more popular in toshin market.”