CurrencyShares Japanese Yen Trust ETF
 (FXY)

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  • Oct. 30, 2013, 2:08 AM
    • Japanese industrial output rose 1.5% on month in September after dropping 0.9% in August but missed consensus of +1.8%.
    • On year, production jumped 5.4% after falling 0.4%.
    • Japan's trade ministry forecast that output would increase 4.7% on month in October and then drop 1.2% in November.
    • "Production is on a positive trend because of domestic consumer demand, but this could plunge after the (sales) tax hike next year," said JPMorgan economist Masamichi Adachi. "Exports are the biggest risk to output now due to slowing global demand."
    • The Nikkei is +1.3% and the yen is flat at ¥98.20 to the dollar.  (PR)
    • ETFs - Stocks: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS. Bonds: JGBT, JGBL, JGBS, JGBD. Currency: FXY, JYN, YCL, YCS
    | Oct. 30, 2013, 2:08 AM
  • Oct. 29, 2013, 2:42 AM
    • As expected, Japanese unemployment edged down to 4% in September from 4.1% in August. (PR)
    • Overall household spending rose 3.7% on year vs -1.6% and topped consensus of +0.7%. (PR)
    • The growth in retail sales accelerated to 1.8% on month from 0.9% and beat forecasts for +0.4%. On year, sales +3.1% vs +1.1% and expectations of +1.9%. (PR)
    • The Nikkei is -0.5%, while the USD-JPY is -0.1% at ¥97.55.
    • ETFs - Stocks: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS. Bonds: JGBT, JGBL, JGBS, JGBD. Currency: FXY, JYN, YCL, YCS
    | Oct. 29, 2013, 2:42 AM
  • Oct. 18, 2013, 5:13 AM
    • World stock markets are awash in green after China's Q3 GDP accelerates to 7.8%, while the increasing belief that the Fed will hold off on tapering its QE program is also adding support - mostly.
    • Not in Japan, though, where stocks fall 0.2% after the yen strengthens against the dollar on the prospects of the U.S. continuing to print money at current levels.
    • Japan ETFs: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS, FXY, JYN, YCL, YCS.
    • Hong Kong +1.1%, China +0.2%, India +2.15%.
    • EU Stoxx 50 +0.05%, London +0.3%, Paris +0.2%, Frankfurt +0.1%, Milan -0.1%, Madrid +0.2%.
    | Oct. 18, 2013, 5:13 AM
  • Oct. 17, 2013, 9:21 AM
    | Oct. 17, 2013, 9:21 AM | 2 Comments
  • Oct. 10, 2013, 3:18 AM
    • Japan's machinery orders, a leading capex indicator, reached the highest level in five years in August, climbing 5.4% on month to ¥819.3B ($8.4B) vs no growth in July and topping consensus of +2.9%.
    • On year, orders +10.3% vs +6.5% and +8.5%.
    • The increase is positive for Japan's government especially because one of its aims is to boost corporate investment as part of its economic reforms.
    • "Capital spending is on a recovery trend," says Nomura economist Minoru Nogimori. "Japan's economic recovery is looking steady." (PR)
    • Meanwhile, consumer confidence rose to 45.4 in September from 43 in August and beat forecasts of 43.8. (PR)
    • Nikkei +1.1%.
    • ETFs - Stocks: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS. Bonds: JGBT, JGBL, JGBS, JGBD. Currency: FXY, JYN, YCL, YCS
    | Oct. 10, 2013, 3:18 AM
  • Oct. 8, 2013, 1:51 AM
    • Japan's current account surplus fell 64% on year to a record low of ¥161.5B ($1.7B) in August, well under the ¥577.3B recorded in July and consensus of ¥520B.
    • The trade deficit climbed 33.5% on year to ¥885.9B vs ¥943.3B in July and forecasts of ¥880.1B, with the weaker yen leading to higher import costs.
    • Overseas income fell for the first time in nine months.
    • Nikkei +0.4%; USD-JPY +0.5% to ¥97.15.
    • ETFs - Stocks: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS. Bonds: JGBT, JGBL, JGBS, JGBD. Currency: FXY, JYN, YCL, YCS
    | Oct. 8, 2013, 1:51 AM
  • Oct. 7, 2013, 3:26 PM
    • "I am going to go on the record," says Halcyon Asset Management chairman John Bader, speaking at the WSJ's Heard on the Street conference. "Japan is an accident waiting to happen ... I don't think this is today's or tomorrow's business, but I think in 10 years this blows up big time ... you can't operate with a debt to equity level like that."
    • Turning domestically, Bader - viewing a stock market "gone to the moon," the end of the 30-year bond bull market, and high yield "priced to perfection," - sees a lot of risks right now. He's positioned to make money be shorting REIT indexes and other similar instruments.
    • Japan-related ETFs: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS, JGBT, JGBL, JGBS, JGBD, FXY, JYN, YCL, YCS.
    • REIT ETFs: FRI, WREI, FTY, ICF, IYR, REM, REZ, RTL, PSR, KBWY, SCHH, RWR, VNQ, DRN, URE, DRV, SRS, REK, ROOF.
    | Oct. 7, 2013, 3:26 PM
  • Oct. 4, 2013, 3:05 AM
    • As expected, the Bank of Japan has left its policy unchanged and maintained its target of expanding the monetary base by ¥60-¥70T ($720B) a year.
    • The BOJ again said the economy is "recovering moderately," noting that corporate capex has been rising as profits have improved.
    • However, the BOJ is concerned by risks from overseas, including Europe's debt problems, emerging markets and the pace of the recovery in the U.S.
    • The decision came just days after Japanese Prime Minister Shinzo Abe announced that the government would go through with a planned rise in sales tax to 8% from 5%, which has caused uncertainty about the impact on the economy.
    • Nikkei -0.9%, USD-JPY -0.1% to ¥97.12.
    • ETFs - Stocks: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS. Bonds: JGBT, JGBL, JGBS, JGBD. Currency: FXY, JYN, YCL, YCS
    | Oct. 4, 2013, 3:05 AM
  • Oct. 1, 2013, 6:57 AM
    | Oct. 1, 2013, 6:57 AM | 2 Comments
  • Oct. 1, 2013, 3:17 AM
    • As widely expected, Japan will go through with a plan to raise sales tax in April to 8% from 5%, a move that is set to raise ¥8T.
    • Prime Minister Shinzo Abe is expected to unveil a ¥5T stimulus package later today to offset the effect of the tax rise. The measures will reportedly include a cut in corporate tax and further public-works spending.
    • Still, the VAT rise is Japan's first serious attempt in 15 years to rein in its public debt, which recently topped ¥1,000T and is more than twice the size of GDP.
    • Nikkei +0.2%, USD-JPY -0.3% to ¥97.95
    • ETFs - Stocks: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS. Bonds: JGBT, JGBL, JGBS, JGBD. Currency: FXY, JYN, YCL, YCS
    | Oct. 1, 2013, 3:17 AM | 4 Comments
  • Sep. 30, 2013, 4:28 AM
    • Japanese Prime Minister Shinzo Abe will reportedly announce tomorrow that he will go ahead with a planned rise in sales tax to 8% from 5%, but he will also unveil a stimulus package designed to cushion the impact of the increased levy.
    • While the VAT increase is seen raising ¥7.5T for the Treasury, it will spend ¥5-7T on the stimulus measures. Unsurprisingly, there's plenty of noise about the apparent paradox of it all.
    • The package will include tax breaks for companies but not a cut in income tax, as well as investment in public works and cash handouts to those on low incomes.
    • Meanwhile, Japan's real interest rates seem to have dropped below zero, with inflation rising to 0.8% in August and the yield on 10-year bonds dropping to 0.69%. The hope is that bond-holders will look for returns by moving out of bonds and into assets such as stocks, loans, property or overseas assets, a trend that will eventually feed into higher prices and further help the battle against deflation.
    • ETFs - Stocks: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS. Bonds: JGBT, JGBL, JGBS, JGBD. Currency: FXY, JYN, YCL, YCS
    | Sep. 30, 2013, 4:28 AM
  • Sep. 27, 2013, 4:19 PM
    • The week's ETF movers - Gainers: TAN +8.03%. VXX +2.60%. TLT +1.56%. DBA +1.27%. FXY +1.09%.
    • ETF Losers: UNG -4.59%. EPI -4.00%. GAZ -3.34%. DEM -3.32%. KOL -3.13%.
    | Sep. 27, 2013, 4:19 PM | 1 Comment
  • Sep. 27, 2013, 2:29 AM
    • Japanese CPI +0.9% on year in August vs +0.7% in July and consensus of +0.8%.
    • Core CPI, excluding fresh food, rose to its highest level since November 2008, increasing to +0.8% vs +0.7 and +0.7%. The gain also represented third straight month of growth.
    • However, most of the increase was due to rising gasoline prices and the weaker yen.
    • Core-core CPI, which excludes energy as well, -0.1% vs -0.1% and -0.1%.
    • The prices of consumer-electronic equipment and other durable leisure goods rose 0.1%, the first increase since 1992.
    • For inflation to take hold, wages need to start rising, economists say. PM Shinzo Abe "will have to keep up his campaign on companies for wage growth," says Taro Saito.
    • Japan 225 -0.4%; USD-JPY -0.4% to ¥98.65. (PR)
    • ETFs - Stocks: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS. Bonds: JGBT, JGBL, JGBS, JGBD. Currency: FXY, JYN, YCL, YCS
    | Sep. 27, 2013, 2:29 AM
  • Sep. 18, 2013, 10:09 PM
    | Sep. 18, 2013, 10:09 PM
  • Sep. 15, 2013, 8:37 PM
    | Sep. 15, 2013, 8:37 PM
  • Sep. 15, 2013, 6:07 PM
    | Sep. 15, 2013, 6:07 PM
FXY Description
CurrencyShares Japanese Yen Trust is designed to track the price of the Japanese Yen net of Trust expenses, which are expected to be paid from interest earned on the deposited Japanese Yen.
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Country: Japan
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