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Forex Flash: Foreign buying of Japanese equities accelerated further last week - Nomura
FXstreet.com (Barcelona) - Nomura strategist Yujiro Goto notes that foreign buying of Japanese equities accelerated further last week.
He adds that net buying reached JPY1569 bn (USD16.5bn), the largest weekly net buying ever. He feels that the improving economic outlook after the BoJ´s bold easing boosted foreign investment in Japanese equities, which is expected to remain at a high level in the near term. However, he feels that this may not change the trend in the FX market, as much of investment is likely to be hedged.
