BUZZ-Foreign investors sell Japan, Japanese sell foreign bonds
Dow Jones Industrial Average DJI | 43221.55 | +1.65% |
S&P 500 INDEX SPX | 5949.91 | +1.83% |
NASDAQ IXIC | 19511.23 | +2.45% |
Japan MOF flow data for week-ended Dec 21 show foreign investor Japan sales
Net Y1.0226 tln Japanese stocks, Y1.9522 tln JGBs, Y2.595 tln bills sold
Pre-calendar year-end position adjustments/profit-taking likely behind moves
Follows a more dovish-than-thought BOJ on December 19, rallies in Japan mkts
Japanese stocks will likely be bought again early next year given buoyancy
As to JGBs, speculative flows eyed into next BOJ policy announcement Jan 24
On other side of ledger, Japanese sold net Y919.2 bln foreign bonds
Pre-calendar year-end position adjustments, view US yields to remain high
Japanese also bought net Y181.5 bln foreign stocks, Y67.6 bln bills in week
See nAZN2XFL83, previous comment nL1N3NK02M, for more click on FXBUZ
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
