CurrencyShares Japanese Yen Trust ETF
 (FXY)

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  • Sep. 24, 2015, 3:29 AM
    • Japan's Nikkei slipped 2.8% in its first trading session this week after three national holidays, edging near a seven-month low touched earlier this year.
    • The fall follows a bruising selloff in China and the U.S. on Wednesday, which took a cue from weak factory performance and a downbeat global environment.
    • Meanwhile, the yen has been stuck in a narrow trading range over the past week and last stood little changed at 120.02 to the dollar.
    • ETFs: DXJ, EWJ, FXY, YCS, DFJ, DBJP, NKY, JYN, JOF, EZJ, JEQ, JPNL, DXJS, EWV, YCL, SCJ, HEWJ, JSC, ITF, JPP, QJPN, FJP, JPMV, DXJT, DXJC, DXJR, JHDG, DXJH, DXJF, HGJP, JDG, JPN
    | Sep. 24, 2015, 3:29 AM | 2 Comments
  • Sep. 10, 2015, 3:32 AM
    • Japanese machinery orders, a leading indicator of capital expenditure, unexpectedly dropped 3.6% on month in July after falling 7.9% in June and badly missed consensus of +3.7%.
    • On year, orders +2.8% vs 16.6% and +10.5%.
    • "Poor orders, particularly at the service sector, reflect persistent weakness in domestic demand," says economist Takeshi Minami.
    • The numbers add to a series of weak data recently and could add pressure on the Bank of Japan to add more stimulus.
    • The problem for policymakers is that they were hoping that the weaker yen and lower energy prices would help boost corporate profits, which would be used to increase wages and capital spending. However, this doesn't seem to be happening.
    • The Nikkei has tumbled 2.5% after surging 7.7% yesterday, while the USD-JPY is +0.3% at ¥120.84.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, DFJ, JGBD, DBJP, NKY, JYN, JOF, EZJ, JEQ, JPNL, DXJS, EWV, YCL, SCJ, HEWJ, JSC, ITF, JGBL, JPP, JGBT, QJPN, JGBB, FJP, JPMV, DXJT, DXJC, DXJR, JHDG, DXJH, DXJF, JDG, HGJP, JPN
    | Sep. 10, 2015, 3:32 AM
  • Sep. 9, 2015, 2:52 AM
    • Japan's Nikkei index has surged 7.7% after dropping 2.4% yesterday as global stocks rallied, boosted today by the prospect of corporate tax cuts and further stimulus in China.
    • Prime Minister Shinzo Abe pledged to cut rates by 3.3 percentage points from 35% from next year and wants to eventually lower the number into the twenties, "bringing it to a level that compares favorably in the international context."
    • Abe's plan comes as the impact of his radical economic reform over the past three years appears to be fading, with GDP falling 1.2% in Q2.
    • Today's rise in stocks was the Nikkei's largest single-day gain since October 2008.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, DFJ, JGBD, DBJP, NKY, JYN, JOF, EZJ, JEQ, JPNL, DXJS, EWV, YCL, SCJ, HEWJ, JSC, ITF, JGBL, JPP, JGBT, QJPN, JGBB, FJP, JPMV, DXJT, DXJC, DXJR, JHDG, DXJH, DXJF, JDG, HGJP, JPN
    | Sep. 9, 2015, 2:52 AM | 7 Comments
  • Sep. 8, 2015, 5:24 AM
    | Sep. 8, 2015, 5:24 AM | 3 Comments
  • Sep. 8, 2015, 3:49 AM
    • Japanese Prime Minister Shinzo Abe has won a rare second three-year term as the President of his Liberal Democratic Party (LDP) after potential rival Seiko Noda was unable to garner enough sponsors to launch a challenge in a vote.
    • While Abe wants to "spread the feeling of recovery to every nook and cranny of the regions," the economy has been stuttering of late despite his radical agenda since he became PM in December 2012.
    • GDP slumped 1.2% in April-June, hurt by a fall in exports and soft consumer spending.
    • Still, Abe's victory represents a rare period of stability in Japan's often turbulent political scene.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, DFJ, JGBD, DBJP, NKY, JYN, JOF, EZJ, JEQ, JPNL, DXJS, EWV, YCL, SCJ, HEWJ, JSC, ITF, JGBL, JPP, JGBT, QJPN, JGBB, FJP, JPMV, DXJT, DXJC, DXJR, JHDG, DXJH, DXJF, JDG, HGJP, JPN
    | Sep. 8, 2015, 3:49 AM | 1 Comment
  • Sep. 4, 2015, 4:11 PM
    | Sep. 4, 2015, 4:11 PM
  • Aug. 21, 2015, 11:12 AM
    • The October Fed Funds futures contract is edging higher again today, and at 99.79 is just seven basis points lower than the August contract - meaning less than a one-in-three chance of a 25 basis point rate hike in September. The January contract is up to 99.675, putting the odds of a 25 point move anytime this year at just 75%.
    • One has to go all the way out to August 2016 to see 50 basis points of rate hikes priced in.
    • Alongside the reduced expectations of tighter policy, the dollar (UUP -0.8%), (UDN +0.6%) has fallen to a two-month low. For all the talk about "king dollar" this year, the greenback has been in a fairly clear downtrend since the start of the spring. It's still up about 3.5% on the year.
    • As for today's action, the biggest gainers vs. the dollar are the euro (FXE +1.1%), yen (FXY +0.9%), and swissie (FXF +0.6%).  Still losing ground are the commodity currencies - the loonie (FXC -0.7%) and aussie (FXA -0.2%).
    • ETFs: UUP, UDN, FORX, USDU
    | Aug. 21, 2015, 11:12 AM | 12 Comments
  • Aug. 7, 2015, 2:11 AM
    • The Bank of Japan refrained from expanding monetary stimulus and maintained its upbeat assessment of the economy today, signaling a belief that inflation will hit its 2% target without additional support.
    • As widely expected, the central bank will keep increasing its monetary base at an annual pace of ¥80T through purchases of government bonds and risky assets.
    • The policy board made the decision by an 8-1 vote.
    • Nikkei +0.3% to 20,724.56.
    • ETFs: DXJ, EWJ, FXY, YCS, DFJ, DBJP, NKY, JYN, JOF, EZJ, JEQ, JPNL, DXJS, EWV, YCL, SCJ, HEWJ, JSC, ITF, JPP, QJPN, FJP, JPMV, DXJT, DXJC, DXJR, JHDG, DXJH, DXJF, HGJP, JDG, JPN
    | Aug. 7, 2015, 2:11 AM
  • Jun. 29, 2015, 4:23 PM
    • Investors may think they have things figured out by buying dollars amid macro jitters, but that strategy had to be faded today. The dollar (UUP -0.6%) closed lower across the board, including a 0.3% decline vs. the euro (NYSEARCA:FXE) after having been about 1.5% higher in knee-jerk action reaction to Greece last night.
    • The dollar also lost 1.1% vs. the yen (NYSEARCA:FXY), 0.3% vs. the pound (NYSEARCA:FXB) and 0.6% vs the aussie (NYSEARCA:FXA).
    • ETFs: UUP, UDN, FORX, USDU
    | Jun. 29, 2015, 4:23 PM | 5 Comments
  • Jun. 22, 2015, 3:16 AM
    • The Bank of Japan has ample means to hit its 2% price goal, Governor Haruhiko Kuroda announced today, emphasizing that the central bank could keep inflation at that level in a stable manner.
    • Speaking in parliament, Kuroda said raising the 0.1% interest the BOJ pays on excess reserves could be one option if it were to conclude its massive stimulus program, but stressed that it was still premature to debate a specific exit strategy.
    • ETFs: FXY, YCS, JYN, YCL
    | Jun. 22, 2015, 3:16 AM
  • Jun. 19, 2015, 3:48 AM
    • As widely expected, the Bank of Japan maintained its massive stimulus program today, keeping intact its pledge to increase base money at an annual pace of ¥80T through aggressive asset purchases.
    • At a press conference following the announcement, BOJ Governor Haruhiko Kuroda explained his recent comment on the weak yen. "I wasn't talking about the current nominal yen level or about the yen's outlook...The weak yen's effect varies for each entity."
    • Kuroda also reiterated his expectations for consumer inflation to hit the BOJ's 2% target around April to September 2016, a time-frame many analysts believe is too optimistic.
    • Previously: Yen jumps on BOJ governor's comments (Jun. 10 2015)
    • ETFs: DXJ, EWJ, FXY, YCS, DFJ, DBJP, NKY, JYN, JOF, EZJ, JEQ, JPNL, DXJS, EWV, YCL, SCJ, HEWJ, JSC, ITF, JPP, QJPN, FJP, JPMV, DXJT, DXJC, DXJR, JHDG, DXJH, DXJF, JDG
    | Jun. 19, 2015, 3:48 AM | 2 Comments
  • Jun. 10, 2015, 2:02 AM
    • The yen is headed for its biggest gain against the dollar this year after Bank of Japan Governor Haruhiko Kuroda said it's hard to see the currency's real effective rate falling further.
    • According to BOJ data, the real effective exchange rate, which adjusts for inflation and trade with other nations, shows the yen near its weakest level since early 1973.
    • Currency traders reacted immediately to Kuroda's remarks, shooting the yen up 1.4% to 122.69 per dollar. It reached a 13-year low of 125.86 on June 5.
    • ETFs: FXY, YCS, JYN, YCL
    | Jun. 10, 2015, 2:02 AM
  • Jun. 5, 2015, 8:47 AM
    | Jun. 5, 2015, 8:47 AM
  • Jun. 2, 2015, 2:12 AM
    • The dollar rose above ¥125 yen on Tuesday for the first time since late 2002 after a survey showed a pick up in construction spending and manufacturing, holding views steady that the Fed will begin to hike interest rates by the end of the year.
    • With the yen at a 12-1/2 year low, Japan's Prime Minister Shinzo Abe and central bank chief Haruhiko Kuroda met today to discuss the global economy.
    • Eyes are also on the the Nikkei share average, which could extend a rally for a 13th straight day to match its record stretch in 1988.
    • The dollar is -0.1% at ¥124.63, after touching a low of ¥125.07.
    • ETFs: UUP, FXY, YCS, UDN, JYN, FORX, USDU, YCL
    | Jun. 2, 2015, 2:12 AM
  • May 26, 2015, 1:44 PM
    • Europe's dealing with the usual worries about Greece and weekend election gains by the anti-austerity party in Spain may have some wondering about contagion. The Stoxx 50 ETF (NYSEARCA:FEZ) is lower by 2.9% as Monday's loss across the pond combines with Tuesday.
    • This morning, a trio of economic reports - durable goods, home prices, and new home sales - beat expectations, giving another boost the greenback.
    • The dollar's higher by 1% vs. the euro (NYSEARCA:FXE), yen (NYSEARCA:FXY), loonie (NYSEARCA:FXC), and aussie (NYSEARCA:FXA), and somewhat less vs. cable (NYSEARCA:FXB) and the Swiss franc (NYSEARCA:FXF). Buying ¥122.95, the greenback is at an 8-year high vs. the yen.
    • UUP +1.15%, UDN -1%
    • ETFs: UUP, UDN, FORX, USDU
    | May 26, 2015, 1:44 PM | 11 Comments
  • May 22, 2015, 8:55 AM
    • Core CPI rose 0.3% in April, the fastest pace since January 2013. Forecasts had been for just a 0.1% gain. Over the last 12 months, core CPI was up 1.8% in April, the same as March.
    • The overall CPI was higher by 0.1% in April and lower by 0.2% year-over-year.
    • The dollar bull ETF (NYSEARCA:UUP) is up 0.4% after the news. Against individual currencies, the greenback jumped about 100 pips vs. the euro (NYSEARCA:FXE), with similarly-sized moves vs. the aussie (NYSEARCA:FXA), loonie (NYSEARCA:FXC), swissie (NYSEARCA:FXF), yen (NYSEARCA:FXY), and cable (NYSEARCA:FXB).
    • ETFs: UUP, UDN, UUPT, UDNT, FORX, USDU
    | May 22, 2015, 8:55 AM | 3 Comments
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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