, analysts said month-end financial flows of portfolio rebalancing operation might be tempted to sell dollars.
Barclays analysts in a research report: "United States the impact of the surge in offset by weak performance in the bond market. We model analysis of EUR/USD and GBP/USD to a neutral signal, and dollar, US dollar/Canadian dollar/yen and dollar/Australian dollar weak sell signal is given. "
$ model analysis also points to sell Citi. Citigroup analysts wrote in a report: "dollar/Yen selling signal particularly strong, because of Japan's stock market continued less than other stock markets in the world. "
Westpac that, taking into account the April Japan stock market declines, and British and American stock markets rise, there may be some GBP/yen and dollar/Yen selling.
the Morgan Stanley Capital International (MSCI) Japan in April, down 1.7%.
if asset markets in a given country in a month, less than other markets in the world, the month-end portfolio rebalancing operation is likely to stimulate buying of the currency of the country, and vice versa.
