CurrencyShares Japanese Yen Trust ETF
 (FXY)

- NYSEARCA
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  • Fri, Feb. 5, 2:36 PM
    • The announcement last week sent the Nikkei skying and the yen plunging, but the yen has surged since, and is now stronger than before the BOJ move. As for the Nikkei, it's more than given back its gains.
    • "More symbolic than dramatic," says CLSA's Chris Wood of the BOJ action. He points to Europe - where there's been negative deposit rates for some time - and notes bank deposits at the ECB have barely fallen in the face of a negative rate of 0.3%. While European base money growth is up 41% Y/Y, broader M3 is ahead only a fraction of that. Households and businesses continue to sock money away because investment opportunities just aren't there.
    • Japan is seeing similar action between base money and broad money supply.
    • Citi Research today, downgraded Japan's Big 3 megabanks to sell - not necessarily because of negative rates which should have limited impact on earnings - but due to the perception that the BOJ will cut even more.
    • ETFs: DXJ, EWJ, FXY, YCS, DBJP, NKY, JYN, JPNL, EZJ, JEQ, EWV, HEWJ, YCL, JPP, DXJF, FJP, JPN, JPNH, JPXN, HGJP, HEGJ, FXJP, HFXJ
    | Fri, Feb. 5, 2:36 PM | 9 Comments
  • Fri, Jan. 29, 4:54 PM
    | Fri, Jan. 29, 4:54 PM | 3 Comments
  • Fri, Jan. 22, 4:28 PM
    | Fri, Jan. 22, 4:28 PM | 3 Comments
  • Dec. 11, 2015, 4:15 PM
    | Dec. 11, 2015, 4:15 PM
  • Dec. 9, 2015, 1:05 PM
    • The dollar index is off 1% today, and now lower by about 3% since Thanksgiving, though the move doesn't look like much more than a blip in the big bull market which began in the middle of 2014.
    • At least today, the move lower is not just about the surging post-ECB meeting euro (FXE +1%). Also higher by more than 1% against the greenback are the pound (NYSEARCA:FXB) and yen (NYSEARCA:FXY). The commodity currencies - the loonie (NYSEARCA:FXC) and aussie (NYSEARCA:FXA) - continue to struggle, and are both lower on the session.
    • ETFs: UUP, UDN, FORX, USDU
    | Dec. 9, 2015, 1:05 PM | 5 Comments
  • Oct. 2, 2015, 8:54 AM
    | Oct. 2, 2015, 8:54 AM | 16 Comments
  • Sep. 10, 2015, 3:32 AM
    • Japanese machinery orders, a leading indicator of capital expenditure, unexpectedly dropped 3.6% on month in July after falling 7.9% in June and badly missed consensus of +3.7%.
    • On year, orders +2.8% vs 16.6% and +10.5%.
    • "Poor orders, particularly at the service sector, reflect persistent weakness in domestic demand," says economist Takeshi Minami.
    • The numbers add to a series of weak data recently and could add pressure on the Bank of Japan to add more stimulus.
    • The problem for policymakers is that they were hoping that the weaker yen and lower energy prices would help boost corporate profits, which would be used to increase wages and capital spending. However, this doesn't seem to be happening.
    • The Nikkei has tumbled 2.5% after surging 7.7% yesterday, while the USD-JPY is +0.3% at ¥120.84.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, DFJ, JGBD, DBJP, NKY, JYN, JOF, EZJ, JEQ, JPNL, DXJS, EWV, YCL, SCJ, HEWJ, JSC, ITF, JGBL, JPP, JGBT, QJPN, JGBB, FJP, JPMV, DXJT, DXJC, DXJR, JHDG, DXJH, DXJF, JDG, HGJP, JPN
    | Sep. 10, 2015, 3:32 AM
  • Sep. 9, 2015, 2:52 AM
    • Japan's Nikkei index has surged 7.7% after dropping 2.4% yesterday as global stocks rallied, boosted today by the prospect of corporate tax cuts and further stimulus in China.
    • Prime Minister Shinzo Abe pledged to cut rates by 3.3 percentage points from 35% from next year and wants to eventually lower the number into the twenties, "bringing it to a level that compares favorably in the international context."
    • Abe's plan comes as the impact of his radical economic reform over the past three years appears to be fading, with GDP falling 1.2% in Q2.
    • Today's rise in stocks was the Nikkei's largest single-day gain since October 2008.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, DFJ, JGBD, DBJP, NKY, JYN, JOF, EZJ, JEQ, JPNL, DXJS, EWV, YCL, SCJ, HEWJ, JSC, ITF, JGBL, JPP, JGBT, QJPN, JGBB, FJP, JPMV, DXJT, DXJC, DXJR, JHDG, DXJH, DXJF, JDG, HGJP, JPN
    | Sep. 9, 2015, 2:52 AM | 7 Comments
  • Sep. 4, 2015, 4:11 PM
    | Sep. 4, 2015, 4:11 PM
  • Aug. 21, 2015, 11:12 AM
    • The October Fed Funds futures contract is edging higher again today, and at 99.79 is just seven basis points lower than the August contract - meaning less than a one-in-three chance of a 25 basis point rate hike in September. The January contract is up to 99.675, putting the odds of a 25 point move anytime this year at just 75%.
    • One has to go all the way out to August 2016 to see 50 basis points of rate hikes priced in.
    • Alongside the reduced expectations of tighter policy, the dollar (UUP -0.8%), (UDN +0.6%) has fallen to a two-month low. For all the talk about "king dollar" this year, the greenback has been in a fairly clear downtrend since the start of the spring. It's still up about 3.5% on the year.
    • As for today's action, the biggest gainers vs. the dollar are the euro (FXE +1.1%), yen (FXY +0.9%), and swissie (FXF +0.6%).  Still losing ground are the commodity currencies - the loonie (FXC -0.7%) and aussie (FXA -0.2%).
    • ETFs: UUP, UDN, FORX, USDU
    | Aug. 21, 2015, 11:12 AM | 12 Comments
  • Jun. 29, 2015, 4:23 PM
    • Investors may think they have things figured out by buying dollars amid macro jitters, but that strategy had to be faded today. The dollar (UUP -0.6%) closed lower across the board, including a 0.3% decline vs. the euro (NYSEARCA:FXE) after having been about 1.5% higher in knee-jerk action reaction to Greece last night.
    • The dollar also lost 1.1% vs. the yen (NYSEARCA:FXY), 0.3% vs. the pound (NYSEARCA:FXB) and 0.6% vs the aussie (NYSEARCA:FXA).
    • ETFs: UUP, UDN, FORX, USDU
    | Jun. 29, 2015, 4:23 PM | 5 Comments
  • Jun. 10, 2015, 2:02 AM
    • The yen is headed for its biggest gain against the dollar this year after Bank of Japan Governor Haruhiko Kuroda said it's hard to see the currency's real effective rate falling further.
    • According to BOJ data, the real effective exchange rate, which adjusts for inflation and trade with other nations, shows the yen near its weakest level since early 1973.
    • Currency traders reacted immediately to Kuroda's remarks, shooting the yen up 1.4% to 122.69 per dollar. It reached a 13-year low of 125.86 on June 5.
    • ETFs: FXY, YCS, JYN, YCL
    | Jun. 10, 2015, 2:02 AM
  • Jun. 5, 2015, 8:47 AM
    | Jun. 5, 2015, 8:47 AM
  • May 26, 2015, 1:44 PM
    • Europe's dealing with the usual worries about Greece and weekend election gains by the anti-austerity party in Spain may have some wondering about contagion. The Stoxx 50 ETF (NYSEARCA:FEZ) is lower by 2.9% as Monday's loss across the pond combines with Tuesday.
    • This morning, a trio of economic reports - durable goods, home prices, and new home sales - beat expectations, giving another boost the greenback.
    • The dollar's higher by 1% vs. the euro (NYSEARCA:FXE), yen (NYSEARCA:FXY), loonie (NYSEARCA:FXC), and aussie (NYSEARCA:FXA), and somewhat less vs. cable (NYSEARCA:FXB) and the Swiss franc (NYSEARCA:FXF). Buying ¥122.95, the greenback is at an 8-year high vs. the yen.
    • UUP +1.15%, UDN -1%
    • ETFs: UUP, UDN, FORX, USDU
    | May 26, 2015, 1:44 PM | 11 Comments
  • May 22, 2015, 8:55 AM
    • Core CPI rose 0.3% in April, the fastest pace since January 2013. Forecasts had been for just a 0.1% gain. Over the last 12 months, core CPI was up 1.8% in April, the same as March.
    • The overall CPI was higher by 0.1% in April and lower by 0.2% year-over-year.
    • The dollar bull ETF (NYSEARCA:UUP) is up 0.4% after the news. Against individual currencies, the greenback jumped about 100 pips vs. the euro (NYSEARCA:FXE), with similarly-sized moves vs. the aussie (NYSEARCA:FXA), loonie (NYSEARCA:FXC), swissie (NYSEARCA:FXF), yen (NYSEARCA:FXY), and cable (NYSEARCA:FXB).
    • ETFs: UUP, UDN, UUPT, UDNT, FORX, USDU
    | May 22, 2015, 8:55 AM | 3 Comments
  • Apr. 29, 2015, 11:32 AM
    | Apr. 29, 2015, 11:32 AM | 1 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.
See more details on sponsor's website
Country: Japan
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