13 Feb 2015
Retail investors still see USD/JPY upside – Nomura
FXStreet (Barcelona) - Yujiro Goto, Research Analyst at Nomura, notes that Retail investors remain relatively positive on Japanese equities and see upside risks in USD/JPY, while their bullish view has declined from a month ago.
Key Quotes
“The majority of retail investors see upside risks in USD/JPY over the next three months, while their view is a bit more cautious than a month ago.”
“In total, 54.5% of investors see upside risks in USD/JPY, while 59.8% of respondents saw upside risk a month ago.”
“Retail investors are purchasing domestic assets via toshins, but they prefer foreign assets, and expectations for further USD/JPY appreciation are consistent with stronger flows into foreign assets via toshins.”
Key Quotes
“The majority of retail investors see upside risks in USD/JPY over the next three months, while their view is a bit more cautious than a month ago.”
“In total, 54.5% of investors see upside risks in USD/JPY, while 59.8% of respondents saw upside risk a month ago.”
“Retail investors are purchasing domestic assets via toshins, but they prefer foreign assets, and expectations for further USD/JPY appreciation are consistent with stronger flows into foreign assets via toshins.”