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CurrencyShares Japanese Yen Trust ETF (FXY)

  • 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 | Comment!
  • 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
  • Apr. 2, 2012, 11:10 AM
    Initially rising to over ¥83 after the weak Tankan report in Japan last night, the dollar is tumbling against the yen, the slide accelerating even as strong U.S. economic data hit. Dollar/yen -1.1% at ¥81.96. Yen ETF: FXY +1%.
    | Apr. 2, 2012, 11:10 AM | Comment!
  • Apr. 1, 2012, 8:07 PM
    The Q1 BOJ Tankan survey of manufacturers -4 vs. -1 expected, -4 previous. Expectations for June seen at -3 vs. forecast of +2. Shares in Tokyo +0.9%. Dollar/yen flat at ¥82.86.
    | Apr. 1, 2012, 8:07 PM | 1 Comment
  • Mar. 30, 2012, 7:50 AM
    The dollar performs a full LoBagola in March, rising sharply through mid-month, but returning today right back to its starting point. Key to the turnaround were quick reversals in yen and euro weakness, likely helped by just a bit of wobble in risk markets and Fed chatter being interpreted as more easing on the way.
    | Mar. 30, 2012, 7:50 AM | Comment!
  • Mar. 29, 2012, 10:32 AM
    It turns out 2012's move lower in the yen (higher dollar/yen) was less about BOJ policy and more just another "risk on" play. The yen bottomed right around the time the mild (in the States, not so mild elsewhere) stock sell off began. It's up strongly again today, the dollar at ¥82.10. FXY +0.9%.
    | Mar. 29, 2012, 10:32 AM | 1 Comment
  • Mar. 28, 2012, 10:14 AM
    Japan's MOF has set up a Twitter account to sell bonds, finmin Azumi is sending thank you-notes and even gold coins for big purchases as household holdings of JGBs sink to 3.09%, the lowest level since 2005. With 10-year paper yielding just 1%, "Mrs. Watanabe" would rather own foreign exchange or liquid deposits (or maybe stocks?).
    | Mar. 28, 2012, 10:14 AM | 3 Comments
  • Mar. 27, 2012, 9:00 AM
    The dollar pops vs. the yen on a Medley Global Advisors leak saying the BOJ is considering additional monetary easing to quicken the realization of its 1% inflation goal. "(Richard) Medley passed away last year and his reports still live on," says Ashraf Laidi. Dollar/yen +0.4% to ¥83.15.
    | Mar. 27, 2012, 9:00 AM | Comment!
  • Mar. 26, 2012, 7:53 AM
    "It looks like they have crossed the Rubicon," says former BOJ member Eiji Hirano of the bank's decision to expand QE and set a positive inflation target. Far from filling the output gap, Hirano envisions a "nightmare scenario" of a weaker yen, stocks, and JGBs as the central bank is viewed as financing government spending.
    | Mar. 26, 2012, 7:53 AM | Comment!
  • Mar. 23, 2012, 11:38 AM
    The yen strengthens again, reversing a bit more of one its one-way move lower (dollar/yen higher) since early February when the BOJ signaled easier policy. Nothing moves in a straight line forever. If the BOJ is truly serious about ending deflation in Japan, buyers of dollar/yen may be being given an opportunity. FXY +0.3%.
    | Mar. 23, 2012, 11:38 AM | 3 Comments
  • Mar. 22, 2012, 8:23 AM
    Has the yen's weakness this year been about new and improved BOJ money-printing operations, or was it just the result of surging financial markets? All it took was a slight wobble in equities worldwide for the yen to surge higher, the dollar just buying ¥82.80 vs. ¥84.10 24 hours ago. FXY +0.8% premarket.
    | Mar. 22, 2012, 8:23 AM | Comment!
  • Mar. 18, 2012, 10:11 PM
    The sinking yen may be good for Japanese shares, but choose your ETF wisely. The giant iShares MSCI Japan Fund (EWJ), +10.8% YTD, doesn't hedge its currency exposure. Two that do - WisdomTree's DXJ and Deutsche's DBJP - are up +17.3% and +22.4%, respectively.
    | Mar. 18, 2012, 10:11 PM | Comment!
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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