AUTOREFRESH 
Lots of Toshin maturities in late July
By Sean Lee || July 8, 2009 at 23:14 GMT
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I am just re-reading a report from major Japanese bank that I first mentioned two weeks ago. There are due to be some heavy Toshin maturities (these are the vehicles that allow Japanese retail investors to invest in overseas securities) in late July. The report suggests that large amounts of these investments will not be rolled over. This will lead to heavy selling of AUD/JPY and particularly NZD/JPY as the month progresses.
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