Battered Lira Lures Back Japan Traders Looking for Yields
- Investors rebuilt net long positions in the currency on Friday
- Any policy easing is unlikely to be drastic, Ueda Harlow says
March 27: Mobius Sees Turkish Lira Remaining Steady as Dollar Weakens
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The Turkish lira’s tumble last week flushed out a number of bullish traders. Some Japan’s retail investors are already starting to jump back in.
Individuals in the Asian nation boosted net long positions in the currency by 2,302 contracts on Friday after trimming their holdings by 28,108 in the week through Thursday, according to Tokyo Financial Exchange Inc. data compiled by Bloomberg. Separate data from Gaitame.com Co. showed 94% of lira-yen positions held by clients with the Tokyo-based companies were longs as of Monday.