Last day of the month! Barclays comment on month-end flows (spoiler, USD buying)

A snippet via Barclays on the USD (out during US hours):

• The passive FX rebalancing model at month-end points to USD buying against major peers.
• The signal is strong against the JPY, moderate against CAD, AUD and GBP, and weak versus the EUR

This contrast with comments from some Japanese analysts yesterday:

• A couple of banks tipping USD/JPY goes to 105 - citing end of month flows, seasonality

But is in sync with Citi:

• The month-end FX hedge rebalancing estimate points to a stronger than average $USD buying
• With global equity markets reversing their previous month's gains, the February month-end signal is a mirror image of last month's USD selling