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CurrencyShares Japanese Yen Trust ETF (FXY)

- NYSEARCA
  • Fri, Aug. 21, 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
    | 12 Comments
  • Fri, Aug. 7, 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
    | Comment!
  • Mon, Jun. 29, 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
    | 5 Comments
  • Mon, Jun. 22, 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
    | Comment!
  • Fri, Jun. 19, 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
    | 2 Comments
  • Wed, Jun. 10, 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
    | Comment!
  • Fri, Jun. 5, 8:47 AM
    | Comment!
  • Tue, Jun. 2, 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
    | Comment!
  • Tue, May 26, 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
    | 11 Comments
  • Fri, May 22, 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
    | 3 Comments
  • Wed, Apr. 29, 11:32 AM
    | 1 Comment
  • Mon, Apr. 27, 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
    | Comment!
  • Fri, Apr. 17, 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
    | 3 Comments
  • Tue, Apr. 14, 8:22 AM
    • "120 yen per dollar is acceptable," says Koichi Hamada, a key adviser to PM Shinzo Abe, clarifying remarks he made yesterday which suggested he thought the yen was too weak.
    • He also says  he wouldn't oppose further monetary ease by the BOJ later this month as inflation is far from a worry.
    • Dollar/yen pops to ¥119.89 from ¥119.60 following his comments.
    • ETFs: FXY, YCS, JYN, YCL
    | Comment!
  • Wed, Apr. 8, 4:58 AM
    • The Bank of Japan's board has voted 8-1 to keep its asset-purchase target at ¥80T a year, rejecting a call by stimulus critic Takahide Kiuchi to slash the goal to ¥45T. (PR)
    • As in the U.S., all that money printing has caused an inflation in assets, if not in consumer goods and services, and the Nikkei rose 0.8% to 19,789.81, the highest close since April 2000. The USD-JPY is -0.4% at ¥119.87.
    • Meanwhile, Japan's current-account surplus surged to ¥1.44T ($12B) in February from ¥61.4B in January and easily beat consensus of ¥1.15T.
    • The latest figure is the highest in almost 3 1/2 years and was boosted by increased income from overseas investments and the trade deficit narrowing to ¥143.1B from ¥864.2B.
    • A main reason for the trend is a drop in oil prices, which has made imports cheaper. The weaker yen is also helping.
    • The surplus, the eighth in a row, indicates that Japan has again become a large external creditor following a series of current-account deficits at the end of 2013. (PR)
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, DFJ, JGBD, JYN, NKY, DBJP, EZJ, EWV, JPNL, YCL, DXJS, SCJ, JSC, ITF, JGBL, JPP, JGBT, HEWJ, JGBB, FJP, QJPN, JPMV, DXJT, DXJH, DXJR, DXJF, DXJC
    | 2 Comments
  • Thu, Mar. 19, 8:04 AM
    • The PowerShares U.S. Dollar Bull ETF (NYSEARCA:UUP) is up 0.9% premarket after diving 2% yesterday following the Fed's surprisingly dovish outlook.
    • The euro is particularly weak, down 1.5% to $1.07 after climbing over $1.10 in very fast trade after the close yesterday. The pound (NYSEARCA:FXB) is down 0.6%, the yen (NYSEARCA:FXY0.5%, loonie (NYSEARCA:FXC1%, swissie (NYSEARCA:FXF1.3%, and aussie (NYSEARCA:FXA1.4%.
    • ETFs: UUP, UDN, UUPT, FORX, UDNT, USDU
    • Previously: Flash crash in the dollar (March 18)
    • Previously: Dollar off sharply as Fed slows rate hike estimates (March 18)
    | 2 Comments
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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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