CurrencyShares Japanese Yen Trust ETF (FXY) - NYSEARCA
  • Jan. 13, 2014, 9:33 AM
    | Jan. 13, 2014, 9:33 AM | 1 Comment
  • Jan. 10, 2014, 10:05 AM
    | Jan. 10, 2014, 10:05 AM | 1 Comment
  • Jan. 8, 2014, 9:30 AM
    • As bearish as the rest of the investing universe on the yen (FXY), Morgan Stanley makes the case for a "tradable retracement" in dollar/yen back down to ¥98 (from nearly ¥105 today).
    • Among the catalysts could be a debt-induced slowdown in China hitting regional growth, and/or something to upset the current complacency in global financial markets.
    • There's also a possible loss in momentum in Abenomics - measures to boost long-term competitiveness are easy to announce, but less easy to put in place, and need time to see if they work.
    • Then there's the BOJ, whose recent commentary suggests the room for additional monetary easing has declined for the moment. Another boost could be months away.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, JSC, DXJS, ITF, JGBL, JPP, JPNL, JGBT, JPNS, FJP, JGBB
    | Jan. 8, 2014, 9:30 AM | 2 Comments
  • Dec. 30, 2013, 4:53 AM
    • Japan's Nikkei 225 has closed the day and the year at a fresh six-year high of 16291, representing a rise of 0.7% for the session and 57% for the year. That makes 2013 the index's best annual performance since it jumped 92% in 1972.
    • Japanese stocks have been benefiting from the central bank's massive money printing, which has helped weaken the yen and boost exporters. The USD-JPY is +0.1% at ¥105.29 after the yen earlier hit a five year low of ¥105.41.
    • Elsewhere in Asia, Hong Kong ended flat and China -0.2%, while India is -0.2%.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, JSC, ITF, JGBL, JPP, DXJS, JPNL, JGBT, JPNS, FJP, JGBB
    | Dec. 30, 2013, 4:53 AM
  • Dec. 29, 2013, 4:39 AM
    • Japan's most influential business lobby, the Keidanren lobby, will encourage its member companies to boost basic pay in 2014 for the first time in six years.
    • Even though CPI has hitting multi-year highs and corporate earnings have been improving, salaries have been slow to rise.
    • News of Keidanren's plan follows government calls for wage increases, which it sees as crucial in its battle against deflation.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, JYN, NKY, DBJP, EZJ, EWV, YCL, ITF, JGBL, JPP, JPNL, JGBT, JPNS, FJP, JGBB
    | Dec. 29, 2013, 4:39 AM | 7 Comments
  • Dec. 27, 2013, 10:08 AM
    • Barring a big move higher in the next couple of sessions, the yen (FXY -0.2%) appears set to end 2013 pretty close to the year's low, the dollar buying more than ¥104 this morning vs. less than ¥80 in November 2012.
    • "We do not believe that the current pace of yen depreciation is sustainable," says JPMorgan's Junya Tanasa, expecting an unwind of the popular Nikkei long/yen short trade at some point in 2014.
    • For a contrary view, check out Kyle Bass, who contends the real move lower in the yen hasn't even begun yet. He's calling for dollar/yen rising all the way to ¥200 and - as we've all seen - once currencies get a head of steam going in a certain direction, no one can be sure of where the move will stop. ¥350? Why not?
    • Japan ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, JSC, ITF, JGBL, JPP, DXJS, JPNL, JGBT, JPNS, FJP, JGBB
    | Dec. 27, 2013, 10:08 AM | 1 Comment
  • Dec. 27, 2013, 4:55 AM
    • "Core core" CPI, which excludes fresh food and energy, accelerated to +0.6% on year in November from +0.3% in October. The gain in November was the largest increase since August 1998 and marked the second consecutive month of growth.
    • Overall CPI sped up to +1.5% from +1.1%.
    • Crucially for Japan's fight against deflation, total cash wages rose for the first time in five months with an increase of 0.5% on year. Regular pay was flat, the first time the metric hadn't dropped in 1 1/2 years.
    • However, may economists expect Japan's inflation to soon peak once the impact of the yen's weakness wears off.
    • Overall household spending rose 0.2% vs +0.9% in October and consensus of +1.7%.
    • Unemployment held steady at 4% but was just above forecasts of 3.9%.
    • The Nikkei ended with very slight gains, while the USD-JPY is flat at ¥104.82.(Previously)
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, JSC, ITF, JGBL, JPP, DXJS, JPNL, JGBT, JPNS, FJP, JGBB
    | Dec. 27, 2013, 4:55 AM | 3 Comments
  • Dec. 26, 2013, 9:54 PM
    | Dec. 26, 2013, 9:54 PM | 2 Comments
  • Dec. 26, 2013, 4:26 AM
    • The Bank of Japan could face a problem if it wants to expand its already massive monetary stimulus: a shortage of new bonds to buy. Even at the current rate of purchases, the policy could hit trouble after over two years.
    • As a result, says former BOJ board member Atushi Mizuno, the bank may hold off from loosening policy further until late next year, which would give it time to assess the impact of a hike in sales tax in April as well.
    • The BOJ could also stop buying Japanese government bonds every month and instead only do so when long-term rates rise above a certain level.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, JSC, ITF, JGBL, JPP, DXJS, JPNL, JGBT, JPNS, FJP, JGBB
    | Dec. 26, 2013, 4:26 AM | 4 Comments
  • Dec. 25, 2013, 2:03 PM
    • “It is necessary to break the rules of game that prevailed in the deflation equilibrium,'” BOJ governor Haruhiko Kuroda said Wednesday, in his year-end speech.
    • Kuroda — who sees the CPI remaining slightly above 1% in H1 2014 — says Japan must avoid the self-perpetuating deflationary spiral that can occur if companies and individuals stop spending money in anticipation of lower prices in the future.
    • Separately, Prime Minister Shinzo Abe indicated that he is determined to prevent a planned sales tax hike from jeopardizing Japan's economic recovery.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, JSC, ITF, JGBL, JPP, DXJS, JPNL, JGBT, JPNS, FJP, JGBB
    | Dec. 25, 2013, 2:03 PM | 8 Comments
  • Dec. 22, 2013, 2:31 AM
    • Japan's government has adopted a record ¥95.88T ($921B) budget for the fiscal year starting in April, which will include increased spending on social security, defense and public works.
    • However, the government is also trying to limit further growth of its massive debt, and it will reduce the issuance of new revenue bonds to ¥41.25T from ¥42.9T this year.
    • Economist Yoshimasa Maruyama is not convinced. "The government needs to show that it’s moving in the right direction on fiscal discipline but this budget lacks punch," Maruyama says. "The government must cut spending to reach the planned target of a surplus in 2020."
    • The budget also forecasts that real GDP will grow 1.4% and nominal GDP 3.3%.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, JSC, ITF, JGBL, JPP, DXJS, JPNL, JGBT, JPNS, FJP,
    | Dec. 22, 2013, 2:31 AM | 12 Comments
  • Dec. 20, 2013, 2:36 AM
    • As expected, the Bank of Japan has left its key interest rate at 0.1%, and maintained its program of expanding the monetary base by ¥60-70T a year.
    • The BOJ expects the annual rate of core CPI to rise "for the time being" and maintained its view that the economy will continue recovering moderately. However, the bank believes that demand will increase before a rise in sales tax in April and then fall after the hike is implemented.
    • The Nikkei is +0.1% following a sharp rise yesterday and ahead of a three-day weekend, while the yen has fallen against the dollar, with the USD-JPY +0.2% to ¥104.43. (BOJ Statement)
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, JGBL, JSC, JPP, ITF, DXJS, JGBT, JPNL, JPNS, FJP
    | Dec. 20, 2013, 2:36 AM
  • Dec. 18, 2013, 4:29 AM
    • Bank of Japan policy makers reportedly believe that the BOJ has significant scope to increase the rate of its bond purchases if it needs to in order to meet its 2% inflation target.
    • The officials aren't too worried about the perception that the bank is underwriting fiscal deficits, but they want more time to assess price trends.
    • The BOJ is due to start a two-day policy meeting tomorrow.
    • The bank's considerations come as speculation emerges that Japanese Prime Minister Shinzo Abe could provide more details of his economic reform plan this week.
    • That has apparently helped the Nikkei to rise 2%, while the USD-JPY is +0.3% to ¥102.96.
    • Better-than-expected exports may also have been a factor in the Nikkei's gains. Interestingly, the volume of merchandise exports rose 6.1% on year - the sharpest increase in a year and a half - indicating that the weak yen isn't just boosting the value figure.
    • The fall in the currency was again a factor in the rise in imports, as were Japan's huge energy requirements.(PR)
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, JSC, JGBL, JPP, ITF, DXJS, JGBT, JPNL, JPNS, FJP
    | Dec. 18, 2013, 4:29 AM
  • Dec. 17, 2013, 9:18 PM
    | Dec. 17, 2013, 9:18 PM | 1 Comment
  • Dec. 15, 2013, 7:20 PM
    | Dec. 15, 2013, 7:20 PM | 1 Comment
  • Dec. 13, 2013, 4:09 AM
    | Dec. 13, 2013, 4:09 AM
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.
See more details on sponsor's website
Country: Japan
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub