CurrencyShares Japanese Yen Trust ETF (FXY) - NYSEARCA
  • Feb. 17, 2012, 3:31 PM

    The dollar rises to its highest level vs. the yen since mid-summer following a surprise move by the BOJ in which it effectively set an inflation target. As Japanese inflation is currently well below that level, it would imply continued QE until such target is reached.  Dollar/yen +4.5% in February to ¥76.46. Japanese shares, EWJ, +3.2% since the announcement.

    | Feb. 17, 2012, 3:31 PM
  • Feb. 17, 2012, 4:07 AM

    The dollar extends its move higher against the yen after dovish comments from the Bank of Japan, with Governor Masaaki Shirakawa saying "the BOJ will continue with powerful monetary easing" and that the bank's 1% consumer inflation target, which could prompt policy tightening, is still a long way off. USD +0.15% ¥79.02.

    | Feb. 17, 2012, 4:07 AM
  • Feb. 14, 2012, 7:32 AM

    The yen is the big mover in currency markets, falling following the BOJ's surprise easing and apparent setting of an explicit inflation goal. "Our view is that (the BOJ) has effectively set an inflation target," says finmin Jun Azumi. Dollar/yen +0.7% to ¥78.11.

    | Feb. 14, 2012, 7:32 AM
  • Feb. 14, 2012, 1:59 AM

    The Nikkei is +0.6% and the dollar +0.5% to ¥77.98 after the Bank of Japan unexpectedly added ¥10T ($128B) to its asset-purchase program. In setting an explicit price stability "goal" (as opposed to an "understanding"), BoJ is targeting 2% or lower in the CPI in the medium-to-long-term and 1% for now. (BOJ statements)

    | Feb. 14, 2012, 1:59 AM | 7 Comments
  • Feb. 12, 2012, 7:09 PM
    Japan Q4 Real GDP -0.6% Q/Q, -2.3% annualized, vs. consensus -0.4% Q/Q, -1.3% annualized. Tokyo +0.3% in early trade. Dollar/yen rises a hair to ¥77.67.
    | Feb. 12, 2012, 7:09 PM | 1 Comment
  • Feb. 8, 2012, 10:46 AM

    Facing pressure from Japan (worried about the strong yen) to stop purchasing JGBs, China - as it does with the U.S. - looks to have channeled its buys through the U.K. Officially, China reduced its holdings of Japanese paper by $45B in 2011, but Japan shows $880B in unaccounted purchases from the U.K. - it's likely at least some of that is from China.

    | Feb. 8, 2012, 10:46 AM
  • Feb. 2, 2012, 7:47 AM
    With the dollar again sinking toward post-war lows vs. the yen, Japan finmin Azumi steps up intervention threats and calls out the Fed's "pledge" to keep rates microscopic through 2014 as giving an invitation to traders to sell greenbacks. Dollar/yen remains lower on the day, -0.1% at ¥76.11.
    | Feb. 2, 2012, 7:47 AM | 1 Comment
  • Jan. 31, 2012, 2:59 AM
    Market chatter that Japanese banks have been told to stay at work late, hinting at possible official action later on. USD/JPY +0.03% to 76.31. (via DailyFX)
    | Jan. 31, 2012, 2:59 AM
  • Jan. 24, 2012, 2:56 PM

    Could the beginning of chronic trade deficits in Japan finally break the back of the JGB market? The savings rate has nearly disappeared and the massive postal savings fund has become a net seller of JGBs. "Japan has relied on its trade surplus ... to preserve calm even as public debt (has) ballooned to reach 238% of GDP," writes Ambrose Evans-Pritchard. "Confidence in Japan's debt trajectory could evaporate fast."

    | Jan. 24, 2012, 2:56 PM | 1 Comment
  • Jan. 24, 2012, 8:38 AM
    The yen is making a sizable move lower - usually the sort of decline that only comes when Japan intervenes overnight to weaken it. A catalyst could be the realization that the continually strong currency has ended an era of trade surpluses. Dollar/yen +1% to ¥77.70.
    | Jan. 24, 2012, 8:38 AM
  • Jan. 24, 2012, 2:10 AM

    The Bank of Japan cuts its growth outlook for FY 2012 to +2% from an October estimate of +2.2%, reflecting heightened concern about the impact of the eurozone crisis and a strong yen. No change to the bank's interest rate policy. Consumer prices still expected to rise 0.1%.

    | Jan. 24, 2012, 2:10 AM | 1 Comment
  • Jan. 19, 2012, 3:52 PM
    Instead of complaining about the strong yen, companies should take advantage by making overseas investments and scooping up natural resources, says economy minister Yukio Edano. Data suggest Japanese companies are moving in that direction, investing $69.5B overseas in 2011, double the amount in 2010, but still less than $74.2B in 2008.
    | Jan. 19, 2012, 3:52 PM | 1 Comment
  • Jan. 18, 2012, 7:01 AM
    Pushing his government's plan for a doubling of the consumption tax, Japan finmin Azumi says an EU-style debt crisis is not out of the question for his nation. "There are times when (interest rates) increase suddenly and that can threaten the political system of a country."
    | Jan. 18, 2012, 7:01 AM
  • Jan. 18, 2012, 3:45 AM

    Fujifilm joins a growing chorus of Japanese firms calling for a Swiss-style cap on the yen, as the yen's strength has been eroding companies' profits. Japan finmin Jun Azumi says it would be very difficult to set an upper limit for the currency given the vast supply of yen in global markets.

    | Jan. 18, 2012, 3:45 AM
  • Dec. 30, 2011, 12:38 PM
    With trading desks barely staffed, someone has decided to run some stops in the currency market. The greenback takes a plunge over the past couple of hours against nearly every major currency, but particularly vs. the yen, the aussie, and the kiwi. The yen has now regained nearly all the ground lost when Japan intervened in late October to weaken it.
    | Dec. 30, 2011, 12:38 PM | 5 Comments
  • Dec. 27, 2011, 2:08 AM

    Japan is poised to unveil a currency-swap line with India, following Japan's currency agreement with China earlier this week. The swap line will probably be around $10B.

    | Dec. 27, 2011, 2:08 AM
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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