ProShares UltraShort Yen ETF (YCS) - NYSEARCA
  • Nov. 9, 2015, 2:54 AM
    | Nov. 9, 2015, 2:54 AM
  • Oct. 6, 2015, 4:58 AM
    • Despite the financial turmoil in China an unexpected devaluation, the yuan has now become the world's fourth-most-used payments currency, edging out Japan's yen for the spot.
    • According to international payments provider Swift, the renminbi accounted for 2.79% of global payments in value terms in August, up from 2.34% in July, although it still trailed the U.S. dollar (44.8%), euro (27.2%) and British pound (8.5%).
    • As recently as August 2012, the yuan only ranked number 12 with an 0.84% share, but Chinese authorities have since aggressively promoted international use of the currency.
    • ETFs: FXY, YCS, CYB, CNY, JYN, FXCH, YCL
    | Oct. 6, 2015, 4:58 AM | 3 Comments
  • Oct. 3, 2015, 6:10 PM
    • Friday’s weak jobs data will cause the dollar to depreciate, Citigroup strategist Steven Englander says.
    • Citi is the top forex trader by volume.
    • With the Fed less likely to raise interest rates, Citi thinks refuge currencies including the yen and the euro will benefit.
    • "The last trades going into the number were going the wrong way, so that basically exacerbates the impact," Englander says. "Emerging markets are going nowhere and Europe and Japan are appreciating."
    • The dollar lost 0.2% vs. the euro this week and 0.6% vs. the yen.
    • ETFs: UUP, UDN, FORX, USDU, FXE, EUO, ERO, DRR, EUFX, ULE, URR, FXY, YCS, JYN, YCL
    | Oct. 3, 2015, 6:10 PM | 24 Comments
  • Oct. 2, 2015, 2:52 AM
    • Japanese unemployment edged up to 3.4% in August from 3.3% in July, which was the lowest since April 1997, with economists expecting the rate to hold steady. (PR)
    • Job availability rose to its highest level since January 1992, with the job-to-applicants ratio increasing to 1.23 from 1.21 and vs consensus of 1.22%. The rise suggests that unemployment could fall in the coming months.
    • Meanwhile, household spending recovered smartly to rise 2.9% in August after dropping 0.2% previously and soundly beat forecasts of +0.4%. (PR)
    • However, inflation expectations at Japanese firms weakened, a Bank of Japan survey shows, with businesses expecting annual inflation on consumer products to reach around 1.2% in a year's time, down from the prior forecast of +1.4% in June. The BOJ's target, lest we forget, is 2%. (PR)
    • The USD-JPY is +0.1% at 120.03 yen, while the Nikkei is flat at 17725.
    • 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, FJP, JGBB, JPMV, DXJT, DXJC, DXJR, JHDG, DXJH, DXJF, JDG, HEGJ, HGJP, JPN
    | Oct. 2, 2015, 2:52 AM | 5 Comments
  • Sep. 24, 2015, 3:29 AM
    • Japan's Nikkei slipped 2.8% in its first trading session this week after three national holidays, edging near a seven-month low touched earlier this year.
    • The fall follows a bruising selloff in China and the U.S. on Wednesday, which took a cue from weak factory performance and a downbeat global environment.
    • Meanwhile, the yen has been stuck in a narrow trading range over the past week and last stood little changed at 120.02 to the dollar.
    • ETFs: DXJ, EWJ, FXY, YCS, DFJ, DBJP, NKY, JYN, JOF, EZJ, JEQ, JPNL, DXJS, EWV, YCL, SCJ, HEWJ, JSC, ITF, JPP, QJPN, FJP, JPMV, DXJT, DXJC, DXJR, JHDG, DXJH, DXJF, HGJP, JDG, JPN
    | Sep. 24, 2015, 3:29 AM | 2 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. 8, 2015, 5:24 AM
    | Sep. 8, 2015, 5:24 AM | 3 Comments
  • Sep. 8, 2015, 3:49 AM
    • Japanese Prime Minister Shinzo Abe has won a rare second three-year term as the President of his Liberal Democratic Party (LDP) after potential rival Seiko Noda was unable to garner enough sponsors to launch a challenge in a vote.
    • While Abe wants to "spread the feeling of recovery to every nook and cranny of the regions," the economy has been stuttering of late despite his radical agenda since he became PM in December 2012.
    • GDP slumped 1.2% in April-June, hurt by a fall in exports and soft consumer spending.
    • Still, Abe's victory represents a rare period of stability in Japan's often turbulent political scene.
    • 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. 8, 2015, 3:49 AM | 1 Comment
  • Aug. 7, 2015, 2:11 AM
    • The Bank of Japan refrained from expanding monetary stimulus and maintained its upbeat assessment of the economy today, signaling a belief that inflation will hit its 2% target without additional support.
    • As widely expected, the central bank will keep increasing its monetary base at an annual pace of ¥80T through purchases of government bonds and risky assets.
    • The policy board made the decision by an 8-1 vote.
    • Nikkei +0.3% to 20,724.56.
    • ETFs: DXJ, EWJ, FXY, YCS, DFJ, DBJP, NKY, JYN, JOF, EZJ, JEQ, JPNL, DXJS, EWV, YCL, SCJ, HEWJ, JSC, ITF, JPP, QJPN, FJP, JPMV, DXJT, DXJC, DXJR, JHDG, DXJH, DXJF, HGJP, JDG, JPN
    | Aug. 7, 2015, 2:11 AM
  • Jun. 22, 2015, 3:16 AM
    • The Bank of Japan has ample means to hit its 2% price goal, Governor Haruhiko Kuroda announced today, emphasizing that the central bank could keep inflation at that level in a stable manner.
    • Speaking in parliament, Kuroda said raising the 0.1% interest the BOJ pays on excess reserves could be one option if it were to conclude its massive stimulus program, but stressed that it was still premature to debate a specific exit strategy.
    • ETFs: FXY, YCS, JYN, YCL
    | Jun. 22, 2015, 3:16 AM
  • Jun. 19, 2015, 3:48 AM
    • As widely expected, the Bank of Japan maintained its massive stimulus program today, keeping intact its pledge to increase base money at an annual pace of ¥80T through aggressive asset purchases.
    • At a press conference following the announcement, BOJ Governor Haruhiko Kuroda explained his recent comment on the weak yen. "I wasn't talking about the current nominal yen level or about the yen's outlook...The weak yen's effect varies for each entity."
    • Kuroda also reiterated his expectations for consumer inflation to hit the BOJ's 2% target around April to September 2016, a time-frame many analysts believe is too optimistic.
    • Previously: Yen jumps on BOJ governor's comments (Jun. 10 2015)
    • ETFs: DXJ, EWJ, FXY, YCS, DFJ, DBJP, NKY, JYN, JOF, EZJ, JEQ, JPNL, DXJS, EWV, YCL, SCJ, HEWJ, JSC, ITF, JPP, QJPN, FJP, JPMV, DXJT, DXJC, DXJR, JHDG, DXJH, DXJF, JDG
    | Jun. 19, 2015, 3:48 AM | 2 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. 2, 2015, 2:12 AM
    • The dollar rose above ¥125 yen on Tuesday for the first time since late 2002 after a survey showed a pick up in construction spending and manufacturing, holding views steady that the Fed will begin to hike interest rates by the end of the year.
    • With the yen at a 12-1/2 year low, Japan's Prime Minister Shinzo Abe and central bank chief Haruhiko Kuroda met today to discuss the global economy.
    • Eyes are also on the the Nikkei share average, which could extend a rally for a 13th straight day to match its record stretch in 1988.
    • The dollar is -0.1% at ¥124.63, after touching a low of ¥125.07.
    • ETFs: UUP, FXY, YCS, UDN, JYN, FORX, USDU, YCL
    | Jun. 2, 2015, 2:12 AM
  • Apr. 27, 2015, 11:49 AM
    • The yen weakened for a few minutes following the news, but has since retaken that ground, with dollar/yen stronger by 0.15% on the session to ¥119.09. JGBs are snoring through the news as well, with the 10-years up one basis point at 0.30%.
    • Fitch keeps the outlook stable, but warns of another rating cut if: 1) Evidence that the authorities’ commitment to fiscal consolidation was weakening, such as failure to articulate a clear and credible strategy for stabilizing public debt ratios, or slippage relative to targets; 2) Weaker macroeconomic performance than Fitch expects for a sustained period, intensifying the challenge in stabilizing the public finances; 3) A sharp and sustained rise in real interest rates demanded by investors to hold government debt.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DBJP, NKY, JYN, EZJ, JPNL, EWV, YCL, HEWJ, ITF, JGBL, JPP, JGBT, JGBB, FJP
    | Apr. 27, 2015, 11:49 AM
  • Apr. 17, 2015, 7:57 AM
    • The BOJ held policy steady this month, apparently taking comfort in core inflation staying positive, but Credit Suisse says the rate will turn negative by November, prompting a fresh bout of QE.
    • The weaker yen has helped boost inflation of late, says the team, but that effect is wearing off and further weakening is unlikely, especially now that Fed rate hike plans have been pushed off by at least a few months.
    • "As such, we see a high likelihood of the BoJ deploying additional easing measures later this year, by which time the central bank will probably be forced to acknowledge that corporate price-setting behavior is being adversely impacted by the threat of the ex-energy core CPI inflation rate dropping into negative territory.”
    • Source: Barron's
    • ETFs: DXJ, EWJ, FXY, YCS, DBJP, NKY, JYN, EZJ, JPNL, EWV, YCL, HEWJ, ITF, JPP, FJP
    | Apr. 17, 2015, 7:57 AM | 3 Comments
YCS Description
ProShares UltraShort Yen seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the U.S. Dollar price of the Yen.
See more details on sponsor's website
Country: Japan
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