CurrencyShares Japanese Yen Trust ETF

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  • 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
  • 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
  • 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
  • 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
  • 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
  • Mar. 15, 2012, 2:59 PM
    Describing the recently weakened yen as still "super strong," Nissan's (NSANY.PK) COO , asks for more. Mazda's (MZDAY.PK) CEO agrees, unworried the yen could actually move to a level deemed as weak.
    | Mar. 15, 2012, 2:59 PM | 1 Comment
  • Mar. 14, 2012, 9:20 AM

    The best one-way trade of the year isn't Apple, it's dollar/yen, the greenback rising in a nearly unbroken line since the beginning of February, and touching a new 11-month high today of ¥83.57. Yen ETF: FXY -0.7% premarket. UltraShort Yen ETF: YCS +1.3% premarket.

    | Mar. 14, 2012, 9:20 AM
  • Mar. 13, 2012, 8:13 AM
    Initially falling against the yen after the BoJ didn't come through with additional easing measures last night, the dollar is back on the rise, hitting a new 11-month high of ¥82.68. Deutsche Bank notes the full effect of last year's earthquake - a "huge negative terms of trade shock" - is only now being felt, and likely to keep a firm bid under dollar/yen.
    | Mar. 13, 2012, 8:13 AM
  • Mar. 12, 2012, 9:28 AM

    The bit firmly between their teeth, Japanese officials continue to press for a weakening yen, PM Noda telling Parliament the currency remains "strong," and finmin Azumi also chipping in. The dollar's quick rise vs. the yen - up 8.1% in the last 6 weeks - has been one of the year's more interesting developments. Yen ETF: FXY -6.7% YTD.

    | Mar. 12, 2012, 9:28 AM | 1 Comment
  • Mar. 9, 2012, 9:07 AM

    The dollar is moving sharply higher against most major currencies following the jobs report. It's the opposite of recent market action where, perversely, strong U.S. economic news saw the greenback drop as money moved into "risk" assets, of which the euro, the pound, and the aussie are now thought of. The euro -1.1%, pound -0.7%, aussie -0.4%, yen -1.1%. UUP +0.8% premarket.

    | Mar. 9, 2012, 9:07 AM | 1 Comment
  • Mar. 8, 2012, 7:40 AM

    The dollar is solidly higher against the yen following last night's somewhat shocking trade and current account deficit announcements. Trained by 30 years of data, markets are not used to Japan being in deficit. The country's abandonment of nuclear power amidst rising oil prices is likely an important factor. Dollar +0.7% to ¥81.64.

    | Mar. 8, 2012, 7:40 AM | 2 Comments
  • Mar. 6, 2012, 12:13 PM

    The BOJ's new QE program will have it purchasing an amount of Japanese debt equal to all government bond issuance in 2012. Is there a difference between a central bank buying government paper to stimulate the economy and buying government paper for which there otherwise is a lack of demand?

    | Mar. 6, 2012, 12:13 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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