Intraday Analysis from FXMarketAlerts.com
Receive FREE Weekly Strategies.Published at 01:23 (GMT) 12 Nov
More offshore JPY outflows in search of Yield, while NZ Finmin Bill English reiterates Kiwi "quite high" relative to USD and high NZD makes it hard for exporters - little impact on Kiwi, now at 0.7421-23, while NZD/JPY at 66.65-70, while AUD/NZD at 1.2600. USD/JPY at 89.45-50, eye 2-way flows - US Coupons vs Japanese outflows; NKS: Mitsubishi UFJ Securities will soon launch a mutual fund enabling wealthy individuals to invest in flagship hedge funds managed by Bridgewater Associates and two other well-known firms. The MUFJ Group unit says this fund will be the first in Japan to enable investors to mix and match hedge funds. The new fund could debut as early as next month and will have a minimum investment of 10 million yen. Investors will be able to choose from funds run by Bridgewater, Paulson and Co., and Transtrend and to change their selections later on. On FX, good to watch USD/JPY, Cross/JPY for more of Japanese investors demand for above.WL12 Nov 2009
