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CurrencyShares Japanese Yen Trust ETF (FXY)

  • Oct. 27, 2011, 4:56 AM
    The BOJ keeps its overnight lending rate at 0-0.1% and expands its credit and asset-purchase programs to a total of ¥55T ($724B) from ¥50T. However, economists say the easing is too small to pull back the strengthening yen, which hit a post-war high of 75.72 to the dollar yesterday. (PR .pdf)
    | Oct. 27, 2011, 4:56 AM | Comment!
  • Oct. 25, 2011, 10:34 AM
    Japanese threats about intervention may be put to the test as the dollar falls to a new post-war low vs. the yen, touching ¥75.76. It was around this level in March when a coordinated G-7 intervention fried the shorts by sending the dollar to ¥85. Since then, it's been a steady decline back and through the post-earthquake levels.
    | Oct. 25, 2011, 10:34 AM | Comment!
  • Oct. 24, 2011, 3:00 AM
    Japan posts a ¥300.4B ($3.9B) trade surplus in Sep. as exports rise 2.4% Y/Y to ¥5.98T, with both indicators topping forecasts and recovering all their losses since the March earthquake. Exports rise despite the yen's strength, the EU debt crisis and slowing overseas growth, although they're still a threat. (PR)
    | Oct. 24, 2011, 3:00 AM | Comment!
  • Oct. 21, 2011, 9:57 AM
    The pummeling of the dollar may be the most important news of the day, which sniffs of additional Fed QE rather than Europe having solved its issues. A speech last night from the Fed's Daniel Tarullo arguing for additional MBS purchases looks to be the catalyst.
    | Oct. 21, 2011, 9:57 AM | Comment!
  • Oct. 21, 2011, 9:04 AM
    A curious occurrence as risk moves very much on this morning, but the greenback has plummeted against the yen over the past few minutes, diving to ¥75.93, essentially a post-WWII low.
    | Oct. 21, 2011, 9:04 AM | Comment!
  • Oct. 21, 2011, 4:14 AM
    Japan's government approves a ¥12.1T ($157B) extra budget, including the issuance of new bonds, to pay for reconstruction following the March earthquake, and subsidies to help companies cope with the strong yen. The ruling Democrats are now in talks with opposition parties to get the measure through the upper house.
    | Oct. 21, 2011, 4:14 AM | 1 Comment
  • Oct. 20, 2011, 7:22 AM
    Japan preps a ¥4T ($52B) program to deal with its strong currency and boost the economy. Half of the amount will be added to a state-run bank set up to aid exporters. The other half is set to encourage domestic plant investment and hiring of workers.
    | Oct. 20, 2011, 7:22 AM | Comment!
  • Oct. 18, 2011, 12:53 PM
    The dollar pops higher vs. the yen on today's intervention rumor out of Japan. Reuters reports the Japanese government and the BOJ are forming a "special team to monitor initiatives designed to address the strong yen." One greenback buys ¥76.84.
    | Oct. 18, 2011, 12:53 PM | Comment!
  • Oct. 14, 2011, 10:38 AM
    The dollar spikes higher against the yen as Dow Jones reports a government official saying Japan will unveil new steps to deal with its strong currency next week.  FXY -0.8%.
    | Oct. 14, 2011, 10:38 AM | Comment!
  • Oct. 7, 2011, 7:11 AM
    At a press conference following today's policy meeting, BOJ Gov. Shirakawa warns of "lasting damage" from a stronger yen. His concern is companies moving abroad might stay abroad even if the strength is reversed. It sounds just a little like a threat of a ceiling being put on the currency.
    | Oct. 7, 2011, 7:11 AM | 3 Comments
  • Oct. 7, 2011, 2:53 AM
    As expected, the BOJ keeps its key interest rate at 0-0.1% and says it is committed to maintaining this policy until "price stability is in sight." Expects moderate domestic growth, the bank does not expand its asset purchase program though warning of a slowdown abroad. (PR)
    | Oct. 7, 2011, 2:53 AM | Comment!
  • Sep. 26, 2011, 4:30 PM
    Nissan (NSANY.PK) stays on point - 2 execs adding to last week's comments by CEO Ghosn for Japan to do something about the strong yen. "We're praying for the Japanese government to do something in terms of QE," says one. Another says he believes PM Noda is soon to take a page form the SNB.
    | Sep. 26, 2011, 4:30 PM | Comment!
  • Sep. 21, 2011, 2:42 PM
    The dollar is moving solidly higher across the board, as markets' initial take is less-than-hoped for priming from the Fed. One currency of note is the loonie, where the greenback has popped above parity to its highest level in 2011.
    | Sep. 21, 2011, 2:42 PM | 1 Comment
  • Sep. 20, 2011, 8:17 AM
    "A major rethinking of industrial strategy" will be necessary if the yen remains at elevated levels for the next 6 months, says Nissan CEO Carlos Ghosn. Recently hovering about ¥77, the dollar's "normal" level is closer to ¥100, he believes.
    | Sep. 20, 2011, 8:17 AM | Comment!
  • Sep. 20, 2011, 2:58 AM
    Japan's interim plan to deal with the strong yen includes a corporate tax cut and support for small and medium businesses. The government didn't close the door on direct currency intervention, saying it remains ready to take "decisive" action as needed.
    | Sep. 20, 2011, 2:58 AM | Comment!
  • Sep. 9, 2011, 10:10 AM
    Rintaro Tamaki - formerly, one of the architects of Japan's foreign exchange policy, but now with the OECD - says the G-7 would prefer any intervention on the yen be done on a multilateral basis. Perhaps Mr. Tamaki has given a preview of what my come from this weekend's G-7 meetings.
    | Sep. 9, 2011, 10:10 AM | 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.
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Country: Japan
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