Flash: The yen –is this the start? - Societe Generale

FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that Japanese investors bought Y233bn in foreign bonds last week, taking their four week total to Y 2trn, the highest 4-week total since...this time last year!

Key Quotes

“The yen though, has weakened on the news. Maybe this will be a catalyst for a trend to start.”

“China’s official PMI was up top 50.3, Australia’s PMI fell back to 42. Norway and Sweden have both come in with softer PMIs. But none of these matters as much as tomorrow’s US payroll report.”