CurrencyShares Japanese Yen Trust ETF
 (FXY)

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  • Sep. 13, 2013, 3:06 AM
    | Sep. 13, 2013, 3:06 AM
  • Sep. 9, 2013, 11:14 PM
    • Taking a page out of the Fed's book, many BOJ board members "expressed hope that the government [will] steadily promote steps to achieve fiscal consolidation," minutes from the central bank's August 7-8 meeting show.
    • Members also noted that long-term rates remained "more or less flat throughout the intermeeting period."
    • Nevertheless, "one member pointed out that, if the government's stance in terms of fiscal consolidation were to weaken ... long-term interest rates could rise", hindering the central bank's efforts.
    • Full release (.pdf)
    • Related: Citing no sources, the Asahi newspaper says Prime Minister Shinzo Abe "has decided the economic recovery is robust enough to withstand a planned sales tax increase," Reuters says.
    • 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. 9, 2013, 11:14 PM
  • Sep. 8, 2013, 10:06 PM
    • The Nikkei is ahead 2.2% following Tokyo's winning bid for the 2020 Summer Olympics.  The news however, will likely boost PM Shinzo Abe's popularity along with the chance of his sales tax increase being implemented next April.
    • The government also raised its estimate of Q2 GDP growth to +3.8% from +2.6% previously. Consensus forecasts called for a 3.9% increase.
    • The yen slips half of a percent, with the dollar now buying ¥99.64.
    • ETFs: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS, JGBT, JGBL, JGBS, JGBD, FXY, YCL, YCS, JYN.
    | Sep. 8, 2013, 10:06 PM | 3 Comments
  • Sep. 8, 2013, 10:00 PM
    | Sep. 8, 2013, 10:00 PM
  • Sep. 6, 2013, 4:12 AM
    • For the first time since May of 2012, Japan's Cabinet Office says its coincident index is "improving", which indicates the government sees "a high likelihood of an economic expansion" based on the composite of 11 key economic indicators.
    • "The indicators that most contributed to the rise were manufacturing-related numbers, such as industrial output and industrial electricity usage," WSJ notes.
    • Official release
    • On Thursday, the BOJ made similar comments, saying the economy is "improving moderately."
    • Equity and JGB ETFs — EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS, JGBT, JGBL, JGBS, JGBD
    • Currency: FXY, JYN, YCL, YCS
    | Sep. 6, 2013, 4:12 AM | 1 Comment
  • Sep. 5, 2013, 3:29 AM
    • The Bank of Japan votes unanimously to stay the monetary policy course aimed at boosting the monetary base by ¥60-70T annually.
    • "Japan's economy is recovering moderately," the central bank says, marking an update to the language used in August, when Kuroda and company said the economy was "starting to recover."
    • At issue now is whether a sales tax hike (designed to help shore up the country's public debt) will derail the recovery and pressure BOJ Governor Kuroda to take further action to stimulate growth.
    • Full statement
    • The Nikkei (+0.1%) and the yen (-0.7%) are little changed on the news.
    • Equity and JGB ETFs: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS, JGBT, JGBL, JGBS, JGBD
    • Currency: FXY, JYN, YCL, YCS
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    | Sep. 5, 2013, 3:29 AM | 8 Comments
  • Sep. 3, 2013, 9:23 AM
    • Japan overnight had its biggest gain in a month, the Nikkei +3% to add to Monday's 1.4% advance. The yen has fallen sharply over the past few sessions, with the dollar buying ¥99.29 this morning vs. just ¥97 towards the end of last week. The weaker yen helped Toyota (TM +2.9% premarket) to be the Nikkei's biggest gainer. Kansai Electric soared 8.1% after an expert panel concluded an earthquake fault under the company's Ohi nuclear plant may not be active.
    • EWJ +2.9%, DXJ +3.8% premarket.
    • Equity and JGB ETFs: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS, JGBT, JGBL, JGBS, JGBD.
    • Currency: FXY, JYN, YCL, YCS.
    | Sep. 3, 2013, 9:23 AM
  • Sep. 2, 2013, 4:00 AM
    • Japanese capital spending unchanged on year in Q2 vs -3.9% in Q1 and consensus of -2%.1. On quarter, capex +2.9%.
    • Corporate current profits +24%, corporate sales -0.5%.
    • JPMorgan and UBS say Q2 GDP may be revised up from a preliminary reading of +2.6% following the capex data, which could make the government more inclined to go through with proposed increases in sales tax. A decision is expected early next month.
    • Nikkei +1.4%, USD-JPY +1.2% to ¥99.32. (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. 2, 2013, 4:00 AM
  • Aug. 30, 2013, 4:53 AM
    • The 0.7% rise in July core inflation, which includes oil products but not fresh food, was the highest since November 2008.
    • However, the majority of the gains came from energy, says strategist Shuji Tonouchi, adding that the "upward pressure on energy prices is likely to start to slow in the coming months."
    • Core-core CPI, which excludes energy, fell 0.1% on year in July vs -0.2% in June.
    • "Things are basically on track for the BOJ, but I would not get overly optimistic on prices just yet," Tonouchi says.
    • Industrial production +3.2% on month in July vs -3.1% in June and consensus of +3.9%.
    • Manufacturing PMI 52.2 in August vs 50.7 in July. (PR)
    • Overall household spending +0.1% on year in July vs -0.4% in June and consensus of +0.3%.
    • 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
    | Aug. 30, 2013, 4:53 AM
  • Aug. 28, 2013, 7:38 AM
    | Aug. 28, 2013, 7:38 AM | 1 Comment
  • Aug. 27, 2013, 7:49 AM
    | Aug. 27, 2013, 7:49 AM | 4 Comments
  • Aug. 27, 2013, 5:03 AM
    • Japan's Ministry of Finance reportedly wants to allocate a record ¥25.3T ($257B) just to service the country's mammoth debt of ¥1,000T ($10T) - which is double the size of its economy - for the next fiscal year.
    • The expected provision is 13.7% higher than for this FY, indicating how the ministry wants to guard against a possible rise in long-term interest rates.
    • The speculation comes as Japan debates whether to increase sales tax, a move seen as important for dealing with the country's debt but also as possibly hurting its nascent growth.
    • 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
    | Aug. 27, 2013, 5:03 AM | 9 Comments
  • Aug. 27, 2013, 4:18 AM
    • Asian shares are mostly lower after John Kerry signaled that the U.S. could take military action against Syria due to strong suspicions that the latter used chemical weapons against its citizens.
    • The Turkish lira hits a record low of 2.0163 to the dollar, although the yen is up, with the USD-JPY -0.7% at 97.85.
    • "It's a risk-off story because of Syria and also if you see broad repatriation from emerging-markets currencies, the yen will benefit," says Michael Turner, a strategist at RBC.
    • However, Chinese shares are higher following positive data for industrial profits.
    • Japan -0.7%, Hong Kong -0.5%, China +0.3%, India -2.8%, Turkey (TUR) -2.9%.
    • Japanese 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
    | Aug. 27, 2013, 4:18 AM
  • Aug. 19, 2013, 4:56 AM
    • The 12.2% rise in exports was the fastest since December 2010, with the weak yen helping to boost sales of cars and electronics. Sales to the U.S. +18.4%, to China +9.5%, to the EU +16.6%.
    • "The details are encouraging because you can see that exports to Japan's main markets are bouncing back," says economist Hiroaki Muto.
    • The 19.6% jump in imports was the largest gain in three years, due to the weak yen and increasing oil prices.
    • The trade deficit of ¥1.02T was the third-largest ever. "This is a pretty big deficit and a negative for Japanese companies that will suffer from rising costs," says Yoshiki Shinke of Dai-ichi Life Research.
    • 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.
    | Aug. 19, 2013, 4:56 AM
  • Aug. 15, 2013, 4:38 PM
    • Rising rates, the decline in stocks, and escalating violence in Egypt provided no bid for the greenback which fell across the board today.
    • The dollar (UUP -0.7%) lost more than 1% against the Swiss franc (FXF +1%) and nearly 1% vs. the yen (FXY +0.8%) and cable (FXB +0.9%). The euro (FXE +0.7%) gained nearly three quarters of one percent.
    • Typically the first to sell off when markets get a bit panicky, even the loonie (FXC +0.2%) and the aussie (FXA) picked up ground against the U.S. unit.
    • A reason? Maybe the commodity sector (DBC +1%) - it was notably strong with metals, energy, and the grains all higher.
    • Related dollar ETFs: UUPT, UDN, UDNT.
    • Broad commodity ETFs: DJP, GSP, LSC, RJI, GSC, GCC, GSG, DBC, DPU, DJCI, UCI, USCI, DYY, UCD, DEE, CMD, DDP, RGRC, CTF, CFD CSCR, CSCB.
    | Aug. 15, 2013, 4:38 PM | 3 Comments
  • Aug. 15, 2013, 4:03 AM
    • Reducing Japan's corporate tax rate wouldn't have an immediate impact on the economy, Finance Minister Taro Aso says, as only around 30% of firms pay such taxes.
    • Rather, the government should consider tax breaks to promote capex and business investment. Economics Minister Akira Amari echoed those remarks.
    • In addition, Chief Cabinet Secretary Yoshihide Suga denied that Prime Minister Shinzo Abe has told ministers to consider reducing the corporate tax rate.
    • There has speculation that the government is considering the cut in order to offset a planned two-step rise in sales tax amid fears that such an increase would harm the economy as it begins to recover from deflation.
    • The Nikkei falls 2.1% while the dollar drops 0.2% vs the yen following the remarks. A lack of clarity about when the Fed might start tapering is also hurting the dollar.
    • Japan 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
    | Aug. 15, 2013, 4:03 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
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