CurrencyShares Japanese Yen Trust ETF (FXY) - NYSEARCA
  • Nov. 2, 2012, 9:30 AM
    The yen continues to weaken, with the strong NFP report pushing the dollar firmly past ¥80. The move should help the Nikkei, which is up about 6.5% since mid-October. EWJ's exposure to currency fluctuations has led that ETF to underperform. For exposure to Japanese shares without worry over a weakening yen, there's always currency-hedged ETFs like DBJP and DXJ.
    | Nov. 2, 2012, 9:30 AM
  • Oct. 17, 2012, 8:04 AM
    Any stimulus plan for Japan will be limited to tapping slim discretionary budget funds as the legislature refuses to lift the nation's borrowing cap. This leaves the Noda government with about ¥1T for new spending as opposed to the ¥3-4T likely necessary to make even a dent in the ¥450T economy. The dollar retraces yesterday's gain vs. the yen, -0.3% to ¥78.66.
    | Oct. 17, 2012, 8:04 AM
  • Oct. 16, 2012, 11:31 AM
    The yen is on the move (as much as a currency that mostly flatlines can be) on headlines from the Kyodo news service suggesting the government is set to craft a new stimulus plan. This one is sure to work. The dollar +0.4% vs. the yen and buying ¥79.95. FXY -0.3%. Japan shares ETF: EWJ +1.3%.
    | Oct. 16, 2012, 11:31 AM | 1 Comment
  • Sep. 30, 2012, 7:59 PM

    Japan's Tankan large-manufacturing survey comes in at -3 vs. expected -4, and against the previous quarter's -1. Companies see capex this fiscal year of +6.4%. Yen now at ¥77.96 to the dollar.

    | Sep. 30, 2012, 7:59 PM
  • Sep. 24, 2012, 11:54 AM
    The dollar drops below ¥78 as the BOJ's launch of QE8 (by some calculations) last week succeeded in weakening the yen for only a few minutes. The BOJ is ready to take further steps, says Deputy Governor Yamaguchi. He takes care to note the yen's value is not part of the BOJ mandate, but the bank is keeping a close eye on it.
    | Sep. 24, 2012, 11:54 AM | 1 Comment
  • Sep. 19, 2012, 3:16 PM

    The BOJ's latest round of asset purchases is QE8, by Ambrose Evans-Pritchard's count, and likely a direct response to the Fed's gambit to weaken the greenback. It's doomed to failure says Capital Economics' David Rea, as the country continues to be a destination for safe-haven flows and previous bond purchase programs have done little to boost the money supply. The yen continues stronger, FXY +0.6%.

    | Sep. 19, 2012, 3:16 PM | 1 Comment
  • Sep. 19, 2012, 10:28 AM

    There's interesting action in dollar/yen as traders who bought greenbacks on the back of the BOJ's middling increase in its QE program get fried. After a quick spike higher, the dollar is now -0.5% against the yen and buying ¥78.41.

    | Sep. 19, 2012, 10:28 AM
  • Sep. 19, 2012, 6:49 AM

    The dollar +0.2% vs. the yen following the BOJ unexpectedly increasing the size of its QE program. The Nikkei rises 1.2% to its highest level since early May. Key commodity prices are subdued at the moment. Can someone find an important central bank somewhere in the world that doesn't have a heavy foot on the gas?

    | Sep. 19, 2012, 6:49 AM | 1 Comment
  • Sep. 14, 2012, 7:36 AM

    One currency the dollar is on the rise against is the yen as the QE3 announcement forces Japan to trot out finmin Azumi to threaten intervention. "I will not rule out any measures and I will take decisive steps when it is deemed necessary." That line could have been lifted straight from Bernanke's press conference. Do both own a copy of Central Planning-speak for Dummies?

    | Sep. 14, 2012, 7:36 AM | 2 Comments
  • Sep. 12, 2012, 10:03 AM
    Currency traders push Tokyo's buttons, sending the yen to multi-month highs vs. the dollar. "It's orange ... but not really red yet," say a dealer with a Japanese bank. Owners of Japanese stocks will pay attention as shares moved higher in lockstep with the S&P earlier this year as the yen declined, but have severely underperformed since the currency strengthened.
    | Sep. 12, 2012, 10:03 AM
  • Sep. 5, 2012, 3:42 PM
    There's an outstanding lesson somewhere in a very cool Oanda interactive showing clients' currency positions over time alongside the performance of the currency. Quick take: Far from being contrary indicators, Oanda traders tend to lean against the trend, adding to longs as a currency falls and selling when a currency is one the way up.
    | Sep. 5, 2012, 3:42 PM
  • Aug. 21, 2012, 11:55 PM

    Japan posts a surprisingly large 8.1% Y/Y drop in exports (expectations were for a 2.9% fall), swinging its trade balance to a $6.5B deficit. Exports to the EU plunged 25.1%, to China down 11.9%. The yen briefly dropped on the news, but has since recovered to little changed vs. the greenback.

    | Aug. 21, 2012, 11:55 PM | 2 Comments
  • Aug. 20, 2012, 11:13 AM

    Complacency rises in the FX market, warns JPMorgan, as currency traders price in an environment leaving no margin for policy error. Dollar positioning has dropped from record long to flat, and volatility premiums have vanished. Either the global economy is better than thought and policymakers suddenly more competent, or risk is being mispriced.

    | Aug. 20, 2012, 11:13 AM | 3 Comments
  • Aug. 12, 2012, 9:56 PM
    Japan's GDP grew 1.4% annualized in Q2, sharply below Q1's 5.5% and well short of the 2.3% forecast. The strong yen - cruising near an all-time high vs. the greenback for much of the last year (and hitting record highs vs. the euro) - gets plenty of ink, but demographic math is surely working against speedy growth. The Nikkei is flat.
    | Aug. 12, 2012, 9:56 PM | 4 Comments
  • Aug. 10, 2012, 11:38 AM

    The yen makes a big move up today (FXY +0.5%) and remains within shouting distance of its all-time vs. the dollar, but the conditions may be set for a reversal. The country's merchandise trade deficit just hit its highest on record (see Toyota threatening offshoring more production), GDP is slowing, and the government may soon be forced to intervene.

    | Aug. 10, 2012, 11:38 AM
  • Aug. 7, 2012, 12:06 PM
    Japan already sells more adult than infant diapers, and government estimates show more than 25% of citizens will be over 65 within 2 years, nearly one-in-three within 10 years. The investment implications - from what will drive GDP growth to who will buy the massive amount of government debt - are troubling.
    | Aug. 7, 2012, 12:06 PM
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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