The insurer just announced plans to increase its holding of yen fixed income products - JGBs and corporate bonds - while reducing investments into foreign bonds without currency hedge in the six months from October to March next year.
Adding that they already sold some of such bonds in the past six months, mainly in the euro after the currency rose following the announcement of the EU recovery fund.
But the firm says it plans to keep its currency-hedged foreign bond holdings more steady. Elsewhere, the firm says it plans to increase foreign stock holdings - for diversification - and will likely trim its domestic stock holdings as such.
Further Development
Analyzing the current trading chart of Gold, I found that there is another rejection of the main support rising trendline, which is indication that buyers are in control and that trend is bullish.
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Natural Gas and VIX today and on the bottom Heating Oil and Lumber.
Gold slightly positive today on the relative strength list...
Key Levels:
Resistances: $1,913 and $1,931
Support level: $1,894