Notes from a visit to investors in Japan: AUD/JPY expensive, may slow new AUD inflows

"Japan trip notes" from ANZ Senior Rates Strategist Martin Whetton

Whetton was in Japan last week, this from his notes re views from investors there on the AUD (in very brief & bolding mine):

• The level of the AUD/JPY was seen as a little expensive for some asset buyers, with a target of 75-80 being very attractive.


• Current levels will slow new investment and higher levels would bring about profit taking on existing asset holdings, with markets like MXN and BRL becoming more popular.


• Some lingering concerns remain of Australia"s sovereign credit rating, but it has not slowed inflows. The political backdrop was of more interest.

 

Notes from a visit to investors in Japan: AUD/JPY expensive, may slow new AUD inflows
Notes from a visit to investors in Japan: AUD/JPY expensive, may slow new AUD inflows
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