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Week in FX ASIA Japan remains a large foreign bond buyer

The MoF latest data shows that Japan remains a major foreign bond buyer. Volumes remain very high with sales of Y2.478t against purchases of Y3.5205t as many made their way back from the Oban-summer holidays. The dollar again seems to have been the favored destination, with US yields and USD/JPY considerably higher of late. Interest in the typical commodity currencies, AUD, NZD and CAD, seems to have cooled off, as these currencies seem to be fading on global and especially Asia-China growth concerns. Other recent stars like TRY and IDR seemed have also lost some of their luster. On the flip side, foreign investors were huge sellers of Japanese bills, perhaps due to fresh reserves seeking higher yields.

Below are some other highlights of the week:


ASIA

 

AMERICAS Week in FX [1]

EUROPE Week in FX [2]

 

WEEK AHEAD

  • It’s monetary policy announcement week, AUD, CAD, GBP and EUR
  • Employment focus in AUD, CAD and USD
  • Retail Sales and Trade headlines come to us from AUD and CHF
  • Manufacturing data is produced in GBP and USD
  • Inflation numbers are released in CHF and CNY
  • CAD has building permits
  • EUR has the Spanish 10-year auction to take down

 

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Dean Popplewell

Dean Popplewell [7]

Vice-President of Market Analysis at MarketPulse [8]
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell
Dean Popplewell

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