Japanese investors snapped up foreign bonds for a third straight week last week and analysts say that the long-awaited trend may be finally under way, signaling the next leg lower for the yen.
Data released on Thursday showed Japanese investors bought a net 549.3 billion yen ($5.48 billion) of foreign bonds in the week to July 20. That followed net buying worth about 1.106 trillion yen in the previous week, the largest amount since September 2012.July looks set to be the first month of net foreign bond buying in six months, Reuters reported.
