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CurrencyShares Japanese Yen Trust ETF

5/24/2013, 3:43 AM ET

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Wednesday, March 16, 2011, 4:18 PM More from NRC chief Jaczko, and perhaps the reason why the mid-afternoon rally faded: all the water is gone from one of the spent fuel rod pools, making a meltdown possible, which could start a nuclear reaction that would spew radiation into the air. More from Bloomberg. 6 Comments [Global & FX]
Wednesday, March 16, 2011, 3:54 PM If you bought the yen at its epic peak in 1995 and managed to hold on for the ensuing 16 years, you would be back to even today, the dollar sinking below ¥80 to ¥79.82. FXY +1.1%, YCL +1.8%, YCS -2.5%. 4 Comments [Global & FX]
Wednesday, March 16, 2011, 3:38 PM Admitting his information is limited, NRC Chair Jaczko nevertheless tells Congress high radiation levels around the Fukushima reactors make it difficult for workers to get near them without quickly being exposed to a lethal dose. 4 Comments [Global & FX]
Wednesday, March 16, 2011, 1:55 PM Testifying before Congress, Energy Sec. Chu says the nuclear crisis in Japan appears "more serious than 3 Mile Island." Separately, Reuters reports the U.S. Embassy in Tokyo advises all U.S. citizens within 50 miles of Fukushima to take shelter or evacuate. 7 Comments [Global & FX]
Wednesday, March 16, 2011, 1:09 PM Reuters reports a spokesperson has been trotted out to say EU energy commissioner Oettinger's remarks were simply to express his fear of the nuclear situation in Japan, not to predict a catastrophe. 7 Comments [Global & FX]
Wednesday, March 16, 2011, 1:02 PM "This overseas wealth is like a crisis fund, this is what it's for," says HSBC's David Bloom, arguing Japanese repatriation of their enormous overseas assets has already begun. He notes this week's collapse in appetite for "Uridashi" bonds of Brazil, South Africa, and Australia. Comment! [Global & FX]
Wednesday, March 16, 2011, 12:23 PM Renewed nuclear fears in Japan have the yen surging, threatening to take out the ¥80/dollar level last seen in 1995. Currently at ¥80.02, the yen is +1% for the day. FXY +0.8%, YCL +0.9%, YCS (double short) -1.8%. 2 Comments [Global & FX]
Wednesday, March 16, 2011, 12:12 PM Zero Hedge reports the IAEA as saying fuel rods have been exposed at units 4,5, and 6 of the Fukushima plant, with core damage now having occurred in 4 of the reactors. 1 Comment [Global & FX]
Wednesday, March 16, 2011, 9:16 AM Japanese shares may have rebounded (what else could they do), but the nuclear crisis intensifies as a break looks to have occurred at Fukushima's #3 reactor unit. A plan to dump water on the reactors from helicopters is postponed due to high radiation levels above the plants. Comment! [Global & FX]
Wednesday, March 16, 2011, 7:50 AM Bulls on global economy, analysts at Goldman Sachs see no impact from the earthquake on their estimate of 1.2% GDP growth for Japan. The biggest risks to their forecast are prolonged periods of power outages and a hit to travel and tourism given the nuclear reactor issue. Comment! [Global & FX]
Wednesday, March 16, 2011, 12:05 AM Smoke has been rising from Fukushima's No. 3 reactor for the last three hours, following a fire at No. 4 earlier this morning. Radiation levels at No. 3 briefly topped 2 millisievert, prompting ISIS to upgrade the nuclear crisis to "closer to a Level 6" than Level 4. Nikkei steady at +4%. 5 Comments [Global & FX]
Wednesday, March 16, 2011, 12:00 AM A 6.0 earthquake hits Japan, and buildings in Tokyo sway. 5 Comments [Global & FX]
Tuesday, March 15, 2011, 11:51 PM Nikkei is +4.4% as the afternoon session begins after surging as much as 6%. BOJ has offered another ¥5.5T ($68B) into money markets, bringing total emergency funds to ¥47.3T ($590B). Comment! [Global & FX]
Tuesday, March 15, 2011, 2:22 PM The Mainichi Daily News reports officials as denying the Tokyo Stock Exchange will be closed. An earlier rumor of a possible closure may have been the reason behind a sudden drop in the yen. FXY +0.9%. Comment! [Global & FX]
Tuesday, March 15, 2011, 1:19 PM The yen sinks 60 pips in minutes on a rumor the Tokyo Stock Exchange will remain closed for the rest of the week due to margin issues. It has quickly regained some of the loss, currently at ¥80.88. Comment! [Global & FX]
Tuesday, March 15, 2011, 11:17 AM Saying the Fukushima Daini, Onagawa, and Tokai nuclear operations have been shut down and are in stable condition, the IAEA remains concerned over the Fukushima Daiichi facility, and the damage to the #2 container unit. The group is awaiting more information on the status of the plant's reactors and spent fuel. Comment! [Global & FX]