Obbligazioni valute high yield TURCHIA bond in usd e lira turca

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TOKYO (Reuters) - The Turkish lira's colossal sell-off in recent days has forced Japanese retail investors, who have been aggressive buyers of the currency this year, to finally abandon bets on the high-yielding Middle Eastern unit.
Data from Tokyo Financial Exchange (TFX), which operates a margin trading platform, showed net long positions in the Turkish currency were cut by 894 million lira (£107.6 million) on Friday, or 35 percent, the largest daily reduction on record.
While the data does not cover vast volumes of over-the-counter trading on private currency platforms, officials at other margin trading operators say they saw similar changes in positioning in the lira, which plunged more than 13 percent on Friday.
"They had been buying on the lira on dips, but the lira's fall in the past couple of days was too large for them to stomach and has triggered waves of loss-cutting," said Takuya Kanda, senior researcher at Gaitame.com Research.
At Gaitame.com, traders' net buying position in the lira has fallen sharply over the past two days to about a third of the peak marked in the spring, Kanda said.
 

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