CurrencyShares Japanese Yen Trust ETF
 (FXY)

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  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • Sep. 9, 2011, 3:02 AM

    Japan revised Q2 annualized GDP -2.1% (-2.1% expected) vs. -1.3% initial reading. A major reason for the downgrade was because capital spending was revised to -0.9% M/M vs. +0.2% initial reading. (PR)

    | Sep. 9, 2011, 3:02 AM
  • Sep. 8, 2011, 7:24 AM

    Fitch says it may downgrade China and Japan as the nations struggle with heavy debt loads. The agency expects a "material deterioration in bank asset quality" in China will prompt a downgrade below AA within two years. In Japan, PM Noda will have to break a "logjam" in the Diet to sort out the debt mess and prevent a cut.

    | Sep. 8, 2011, 7:24 AM | 4 Comments
  • Sep. 7, 2011, 10:46 AM
    Toshiba (TOSBF.PK) has little choice but to bet on nuclear power after Shaw (SHAW +1.4%) exercises an option to sell back a 20% stake in Westinghouse. A strong yen allows Shaw to realize a $550M currency gain on the deal, and makes it tricky for Toshiba to sell to a non-Yen buyer if it wants out of the nuclear biz.
    | Sep. 7, 2011, 10:46 AM
  • Sep. 7, 2011, 3:07 AM

    As expected, the BOJ keeps its key interest rate at zero to 0.1% and says it will maintain this policy "until price stability is in sight." The bank, which is refraining from more easing, notes that output and exports have nearly recovered to pre-earthquake levels. Yen +0.3% vs. dollar. (.pdf)

    | Sep. 7, 2011, 3:07 AM
  • Sep. 2, 2011, 2:59 AM

    New Japanese Prime Minister Yoshihiko Noda names Jun Azumi to replace as him as FinMin. Azumi, a legislator from the earthquake-devastated Northeast, has apparently not shown much interest in economics and finance in the past, and little is known about his views.

    | Sep. 2, 2011, 2:59 AM
  • Aug. 31, 2011, 7:58 AM

    Japan spent $58.8B on currency intervention this month, double its previous record for such activity, which occurred last September. Like that move, this month's intervention looks to have caused no more than a short minor blip in the upward movement of the yen's value.

    | Aug. 31, 2011, 7:58 AM | 1 Comment
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