Countdown to the Japanese financial year end and what it means for FX

Much like seasonal bird migration in nature, we see yen migration at the end of the Japanese financial year

Towards the end of March, and the Japanese fiscal year end, is historically a time that we can see some large flows in yen pairs. As Japanese firms look to close up their accounts and try to bolster the numbers, they repatriate profits back home meaning they buy yen.

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