Japanese Retail Investors Buy More New Zealand Dollars After RBNZ Sales

(Bloomberg) -- Japanese retail investors stepped up
purchases of the New Zealand dollar yesterday on speculation the
Reserve Bank of New Zealand pushed down its currency.

Japan's foreign-exchange margin traders' net long positions
in the New Zealand dollar against the yen increased by nearly 40
percent yesterday to $279 million from $203 million on June 15,
according to data from Tokyo Financial Exchange. Long positions
are bets that a currency will rise.


Read more at Bloomberg Currencies News