Flash: Retail investors net buyers of FX - Nomura

FXstreet.com (London) - Yujiro Goto of Nomura research teams noted that retail investors were net buyers of foreign currencies via currency selection-type toshins last week.

He went on to say that the net purchases accelerated to JPY42bn (USD420mn) from the previous week (JPY23bn). Additionally, the team explains that the TRY was the most popular currency last week (JPY37bn) for the second week in a row, saying TRY's popularity remains high.

By contrast, Nomura have said that retail investors accelerated AUD selling last week, to JPY15bn from JPY1bn the previous week and explain that the latest rate cut by the RBA may have slowed investment in AUD again.