Market Currents

• Friday, December 11, 2009

• 07:41 AM Morgan Stanley says the probability of Japan stepping in to beat down the yen (ETF: FXY) is now in the red zone. Comment!

• Friday, November 27, 2009

• 05:35 AM Japan's finance minister escalates his warnings against a soaring yen, calling the currency's rise to a fresh 14-year high "one-sided" and threatening to intervene if the rapid ascent continues. (ETF: FXY) 2 Comments

• Tuesday, January 20, 2009

• 11:53 AM With interest rates meandering towards zero, currency traders are looking to countries with the biggest trade surpluses - led by Japan (FXY), Norway and Switzerland (FXF). Comment!

• Thursday, November 6, 2008

• 03:35 AM The yen is set for its biggest annual gain in a decade and BoJ may be powerless to stop it. Deutsche Bank, UBS and Barclays say the yen will appreciate to 90 per dollar from 97.74, even if BoJ tries to intervene, as investors reduce carry trades. (ETF: FXY) Comment!

• Tuesday, June 3, 2008

• 11:26 AM Currency ETFs: UUP +0.5%, FXE -0.5%, FXY -0.7%. Comment!