CurrencyShares Japanese Yen Trust ETF

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  • Aug. 30, 2011, 4:37 PM

    The sharp fall in the Swiss franc (off nearly 20% against the dollar and euro the last 3 weeks) may present another headache for incoming Japanese PM Noda. For the moment, the yen looks like the last safe-haven currency still standing. At ¥76.70, it remains near its post-war high against the greenback.

    | Aug. 30, 2011, 4:37 PM
  • Aug. 24, 2011, 12:12 PM
    Moves by Japan today may be less an operation to weaken its currency, and more an "admission that yen strength is here to stay." In this, authorities are following the recent lead of the SNB, whose actions are designed to cap the franc's rise and make its high level more tolerable for businesses.
    | Aug. 24, 2011, 12:12 PM
  • Aug. 24, 2011, 6:29 AM
    Hedge funds net short positions against the S&P 500 (SPY) stocks hits highs not seen since 2008, SocGen says. Funds have closed short positions on 10-year T-notes (TLH) and "strongly diminished" shorts on 30-year bonds (TMV), but remain neutral on the dollar/euro (ERO), and net buyers of the franc (FXF) and yen (FXY). Enthusiasm for gold (GLD) remains strong.
    | Aug. 24, 2011, 6:29 AM | 1 Comment
  • Aug. 24, 2011, 3:47 AM

    Following its downgrade of Japan's sovereign debt, Moody's announces further ratings cuts in the country, including: bank-affiliated finance companies, 12 regional/local governments, most Japanese banks, and 13 government-related issuers.

    | Aug. 24, 2011, 3:47 AM
  • Aug. 24, 2011, 3:31 AM

    The EU's debt crisis is unlikely to spread to Japan due to its current account surplus, Moody's says, having earlier cut the country's rating to AA3. The outlook is stable given the preference of domestic investors for government bonds, which enables the state to get "the lowest nominal rates globally."

    | Aug. 24, 2011, 3:31 AM
  • Aug. 24, 2011, 2:53 AM
    The yen reverses earlier losses and is +0.2% vs. the dollar and +0.3% vs. the euro as markets brush aside further Japanese attempts to curb the yen's strength, including a $100B fund to boost M&A activity overseas and a rule requiring financial firms to report currency-trading positions.
    | Aug. 24, 2011, 2:53 AM
  • Aug. 22, 2011, 3:09 AM
    The dollar is +0.2%  vs. the yen at ¥76.685 amid increasing expectations that Tokyo will step back into the market, with Japan's finmin warning the government will take action against speculative moves. The dollar might get a brief pop, but traders remain skeptical intervention would have a lasting impact.
    | Aug. 22, 2011, 3:09 AM
  • Aug. 19, 2011, 10:20 AM
    Did we miss a QE3 announcement? The dollar is getting hammered across the board, including an especially steep drop vs. the yen in the last few moments, hitting a ¥75 handle for the 1st time ever before bouncing a bit to ¥76.11. UUP -0.8%.
    | Aug. 19, 2011, 10:20 AM | 1 Comment
  • Aug. 17, 2011, 9:04 AM
    The greenback is again testing postwar lows vs. the yen, after giving up all of its gains following the Japanese intervention a few days back. "Mr. Yen" says we haven't seen anything yet. Dollar buys ¥76.50.
    | Aug. 17, 2011, 9:04 AM | 1 Comment
  • Aug. 16, 2011, 8:07 AM
    "What we're seeing is the downfall of the West," says Japan's Eisuke Salalbara."Dollar weakness will be unavoidable, and the U.S. will likely tolerate that." Known back in the day as Mr. Yen for his ability to influence the currency, he sees the dollar weakening to far below ¥75 (currently meandering at a near-record low of ¥76.67).
    | Aug. 16, 2011, 8:07 AM
  • Aug. 9, 2011, 9:27 AM

    Don't be fooled by talk of the surprising strength in the British pound. Sterling looks decent when measured against 2 other troubled currencies - the greenback and the euro. Against the swissie, the yen, gold ... not so much.

    | Aug. 9, 2011, 9:27 AM | 1 Comment
  • Aug. 8, 2011, 9:03 AM

    Kyodo News reports sources saying Finance Minister Noda has decided to run for the leadership position of the DPJ in an attempt to replace PM Naoto Kan as early as this summer. Noda is behind the most recent attempt at intervention to prevent to yen's rise.

    | Aug. 8, 2011, 9:03 AM
  • Aug. 4, 2011, 5:15 PM

    The euro hits an all-time low vs. the swiss franc of CHF 1.0756, roughly 36 hours after SNB intervention sent the common currency soaring. The greenback has also returned to roughly its pre-intervention level vs. the swissie, even as it holds on to much of its gains against the yen.

    | Aug. 4, 2011, 5:15 PM
  • Aug. 4, 2011, 7:22 AM

    The dollar continues higher vs. the yen in wake of intervention by the MOF and a bump in the BOJ's QE program, now +3.6% at ¥79.78. Price action in the yen is similar to that following the March intervention which drove the currency lower for about 3 weeks. The half-life of post-intervention moves is always shrinking - give it 2 weeks this time.

    | Aug. 4, 2011, 7:22 AM
  • Aug. 4, 2011, 2:39 AM

    In addition to Japan's currency intervention to stem the yen, the BOJ increases the size of its Asset Purchase Program to ¥50T from ¥40T and keeps its interest-rate target range unchanged at 0-0.1%. The actions have so far worked, with the yen -3% vs. the dollar and -2.8% vs. the euro. (PR .pdf))

    | Aug. 4, 2011, 2:39 AM | 1 Comment
  • Aug. 3, 2011, 9:47 PM
    Japan's Ministry of Finance steps in to check the yen's strength, sending dollar/yen sharply higher. Additionally, the BOJ is moving forward its policy decision to Thursday, suggesting the central bank will make an announcement to support the MOF intervention. Dollar +1.7% at ¥78.26. Japanese shares like the news, +1.1%.
    | Aug. 3, 2011, 9:47 PM | 2 Comments
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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