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31 Oct 2013
Flash: Japanese demand for AUD - still weak though turning? - Westpac
FXstreet.com (Athens) - Westpac strategists Imre Speizer and Rob Rennie note that using Investment Trust Association Japan, they find the value of investment trusts invested in Australia have fallen by A$22.3bn in the last year (to September).
Key Quotes
“Using Official MOF data we find Japanese investors have sold A$33.4bn in the last year (to August).”
“Our own proprietary flow data suggests that Japanese demand has stabilised in recent weeks as net selling has declined. However, at least for the moment, there are few signs of Japanese demand for AUD product improving.”
Key Quotes
“Using Official MOF data we find Japanese investors have sold A$33.4bn in the last year (to August).”
“Our own proprietary flow data suggests that Japanese demand has stabilised in recent weeks as net selling has declined. However, at least for the moment, there are few signs of Japanese demand for AUD product improving.”