CurrencyShares Japanese Yen Trust ETF

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  • Apr. 27, 2012, 2:50 AM

    The Bank of Japan leaves its rates unchanged and expands asset purchases by ¥10T to ¥40T. USD -0.36% to ¥80.74. (BOJ statement - .pdf)

    | Apr. 27, 2012, 2:50 AM | 2 Comments
  • Apr. 26, 2012, 10:48 AM

    A failure by the BOJ to expand its asset-purchase program at tomorrow's policy meeting "would be a disaster for communication," says former board member Atsushi Mizuno. He argues Japanese banks - heavily exposed to firms struggling with the strong yen - are a bigger threat to the nation than a sell-off in JGBs. The yen is surging today, the greenback -0.7% to ¥80.78.

    | Apr. 26, 2012, 10:48 AM
  • Apr. 24, 2012, 4:26 AM

    The Bank of Japan is likely to ease monetary policy on Friday, sources say, by increasing its ¥30T ($370B) asset purchase program by ¥5T or ¥10T. The bank may also extend the maturity of government bonds it buys to around three years from the current two years.

    | Apr. 24, 2012, 4:26 AM
  • Apr. 20, 2012, 11:00 AM
    With the BOJ under criticism for worrying more about the state of its balance sheet than the economy, ZH goes to the tape. Turns out, the BOJ's assets foot to nearly 30% of the Japanese economy (compared to the Fed's 19%), suggesting years of modest easing have bloated the balance sheet, but done nothing to reverse deflation. Expect the next easing to be a big one.
    | Apr. 20, 2012, 11:00 AM
  • Apr. 19, 2012, 3:18 AM
    Japan swung to a trade deficit of ¥82.6B ($1.02B) in March from surpluses of ¥170.9B a year earlier and ¥29.3B in February. The forecast was for a ¥223.1B deficit. Exports +5.9% Y/Y to ¥6.20T vs. consensus of -2.4%, boosted by the weaker yen, and increased demand from the U.S. for automobiles and parts. Imports +10.5%.
    | Apr. 19, 2012, 3:18 AM
  • Apr. 12, 2012, 6:24 AM

    "The BOJ will pursue powerful easing" in order to reverse deflation and ensure sustainable growth, Governor Masaaki Shirakawa pledges. Shirakawa faces pressure from politicians for further stimulus, with one saying it would weaken the yen more effectively than currency intervention.

    | Apr. 12, 2012, 6:24 AM | 3 Comments
  • Apr. 11, 2012, 12:04 PM

    The exuberance over a seemingly new Fed-like attitude at the BOJ fades as the yen restrengthens, the Nikkei hits a 7-day slide, and traders wonder if anything has really changed at the central bank. Monetary policy may not be a cure-all, but, says HSBC's Frederic Neumann, "the BOJ needs to follow its words with action."

    | Apr. 11, 2012, 12:04 PM
  • Apr. 10, 2012, 8:26 AM

    The yen retraces even more of its February to mid-March weakness after the BOJ did not announce new easing measures overnight. Market chatter was rife with rumors of action, and inaction forced yen shorts to cover. Dollar/yen -0.5% to ¥81.05, the lowest level in over a month. FXY +0.5% premarket.

    | Apr. 10, 2012, 8:26 AM
  • Apr. 10, 2012, 3:38 AM
    Japanese PM Noda says the government will start holding meetings on overcoming deflation. Reports suggest the meetings will begin as soon as this month, and that BOJ Governor Masaaki Shirakawa will attend as an observer.
    | Apr. 10, 2012, 3:38 AM
  • Apr. 10, 2012, 2:10 AM

    The Bank of Japan kept monetary policy unchanged today, ignoring recent calls from lawmakers for additional easing. The story may change in the next few weeks, with more easing possible as revised price projections are likely to show a goal of 1% inflation is not in sight. USD -0.3% to ¥81.30.

    | Apr. 10, 2012, 2:10 AM
  • Apr. 9, 2012, 4:31 AM
    Japan swung to a current account surplus in February after a record deficit in January, coming in at ¥1.18T ($14.5B) vs. expectations of ¥1.12T. USD -0.3% to ¥81.26.
    | Apr. 9, 2012, 4:31 AM
  • Apr. 6, 2012, 9:06 AM
    The greenback slides vs. the yen, euro, and sterling following the weak payroll report, but rises against the aussie and the loonie. The big move comes against the yen, dollar/yen falling 1.1% to ¥81.50.
    | Apr. 6, 2012, 9:06 AM | 1 Comment
  • Apr. 5, 2012, 2:49 AM
    Japan's upper house of parliament rejects Ryutaro Kono's nomination to the Bank of Japan board, a strong message from lawmakers who want more monetary easing to spur growth.
    | Apr. 5, 2012, 2:49 AM | 3 Comments
  • Apr. 3, 2012, 4:56 PM
    The Japanese political class can't help itself - anytime during the past 15 years the economy shows signs of life, taxes get raised. Yoshihiko Noda, the 6th PM in 6 years, is doing his best to bring about #7, submitting a bill to double the national sales to 10% despite threat of a revolt in his own party and from a public tired of seeing its money wasted by Tokyo.
    | Apr. 3, 2012, 4:56 PM | 2 Comments
  • Apr. 3, 2012, 2:11 PM
    The dollar spikes higher following the FOMC minutes which offered little hope of additional imminent ease by the Fed. Euro -0.3% at $1.3281, aussie -0.9% at $1.0322, Dollar/yen +0.7% at ¥82.61. UUP +0.5%.
    | Apr. 3, 2012, 2:11 PM | 2 Comments
  • Apr. 3, 2012, 1:03 PM
    Japan's monetary base fell last month for the first time in 3 years, raising questions over how serious the BOJ is about ending the country's deflation. "A shrinking monetary base is equivalent to monetary tightening," says economist Yuji Shimanaka. The yen initially strengthened on the news, but has since gone back to flat vs. the dollar.
    | Apr. 3, 2012, 1:03 PM | 2 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.
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Country: Japan
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