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CurrencyShares Japanese Yen Trust ETF (FXY)

- NYSEARCA
  • Sep. 3, 2013, 9:23 AM
    • Japan overnight had its biggest gain in a month, the Nikkei +3% to add to Monday's 1.4% advance. The yen has fallen sharply over the past few sessions, with the dollar buying ¥99.29 this morning vs. just ¥97 towards the end of last week. The weaker yen helped Toyota (TM +2.9% premarket) to be the Nikkei's biggest gainer. Kansai Electric soared 8.1% after an expert panel concluded an earthquake fault under the company's Ohi nuclear plant may not be active.
    • EWJ +2.9%, DXJ +3.8% premarket.
    • Equity and JGB ETFs: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS, JGBT, JGBL, JGBS, JGBD.
    • Currency: FXY, JYN, YCL, YCS.
    | Comment!
  • Sep. 2, 2013, 4:00 AM
    • Japanese capital spending unchanged on year in Q2 vs -3.9% in Q1 and consensus of -2%.1. On quarter, capex +2.9%.
    • Corporate current profits +24%, corporate sales -0.5%.
    • JPMorgan and UBS say Q2 GDP may be revised up from a preliminary reading of +2.6% following the capex data, which could make the government more inclined to go through with proposed increases in sales tax. A decision is expected early next month.
    • Nikkei +1.4%, USD-JPY +1.2% to ¥99.32. (PR)
    • ETFs - Stocks: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS. Bonds: JGBT, JGBL, JGBS, JGBD. Currency: FXY, JYN, YCL, YCS
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  • Aug. 30, 2013, 4:53 AM
    • The 0.7% rise in July core inflation, which includes oil products but not fresh food, was the highest since November 2008.
    • However, the majority of the gains came from energy, says strategist Shuji Tonouchi, adding that the "upward pressure on energy prices is likely to start to slow in the coming months."
    • Core-core CPI, which excludes energy, fell 0.1% on year in July vs -0.2% in June.
    • "Things are basically on track for the BOJ, but I would not get overly optimistic on prices just yet," Tonouchi says.
    • Industrial production +3.2% on month in July vs -3.1% in June and consensus of +3.9%.
    • Manufacturing PMI 52.2 in August vs 50.7 in July. (PR)
    • Overall household spending +0.1% on year in July vs -0.4% in June and consensus of +0.3%.
    • ETFs - Stocks: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS. Bonds: JGBT, JGBL, JGBS, JGBD. Currency: FXY, JYN, YCL, YCS
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  • Aug. 28, 2013, 7:38 AM
    | 1 Comment
  • Aug. 27, 2013, 7:49 AM
    | 4 Comments
  • Aug. 27, 2013, 5:03 AM
    • Japan's Ministry of Finance reportedly wants to allocate a record ¥25.3T ($257B) just to service the country's mammoth debt of ¥1,000T ($10T) - which is double the size of its economy - for the next fiscal year.
    • The expected provision is 13.7% higher than for this FY, indicating how the ministry wants to guard against a possible rise in long-term interest rates.
    • The speculation comes as Japan debates whether to increase sales tax, a move seen as important for dealing with the country's debt but also as possibly hurting its nascent growth.
    • ETFs - Stocks: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS. Bonds: JGBT, JGBL, JGBS, JGBD. Currency: FXY, JYN, YCL, YCS
    | 9 Comments
  • Aug. 27, 2013, 4:18 AM
    • Asian shares are mostly lower after John Kerry signaled that the U.S. could take military action against Syria due to strong suspicions that the latter used chemical weapons against its citizens.
    • The Turkish lira hits a record low of 2.0163 to the dollar, although the yen is up, with the USD-JPY -0.7% at 97.85.
    • "It's a risk-off story because of Syria and also if you see broad repatriation from emerging-markets currencies, the yen will benefit," says Michael Turner, a strategist at RBC.
    • However, Chinese shares are higher following positive data for industrial profits.
    • Japan -0.7%, Hong Kong -0.5%, China +0.3%, India -2.8%, Turkey (TUR) -2.9%.
    • Japanese ETFs - Stocks: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS. Bonds: JGBT, JGBL, JGBS, JGBD. Currency: FXY, JYN, YCL, YCS
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  • Aug. 19, 2013, 4:56 AM
    • The 12.2% rise in exports was the fastest since December 2010, with the weak yen helping to boost sales of cars and electronics. Sales to the U.S. +18.4%, to China +9.5%, to the EU +16.6%.
    • "The details are encouraging because you can see that exports to Japan's main markets are bouncing back," says economist Hiroaki Muto.
    • The 19.6% jump in imports was the largest gain in three years, due to the weak yen and increasing oil prices.
    • The trade deficit of ¥1.02T was the third-largest ever. "This is a pretty big deficit and a negative for Japanese companies that will suffer from rising costs," says Yoshiki Shinke of Dai-ichi Life Research.
    • ETFs - Stocks: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS. Bonds: JGBT, JGBL, JGBS, JGBD. Currency: FXY, JYN, YCL, YCS.
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  • Aug. 15, 2013, 4:38 PM
    • Rising rates, the decline in stocks, and escalating violence in Egypt provided no bid for the greenback which fell across the board today.
    • The dollar (UUP -0.7%) lost more than 1% against the Swiss franc (FXF +1%) and nearly 1% vs. the yen (FXY +0.8%) and cable (FXB +0.9%). The euro (FXE +0.7%) gained nearly three quarters of one percent.
    • Typically the first to sell off when markets get a bit panicky, even the loonie (FXC +0.2%) and the aussie (FXA) picked up ground against the U.S. unit.
    • A reason? Maybe the commodity sector (DBC +1%) - it was notably strong with metals, energy, and the grains all higher.
    • Related dollar ETFs: UUPT, UDN, UDNT.
    • Broad commodity ETFs: DJP, GSP, LSC, RJI, GSC, GCC, GSG, DBC, DPU, DJCI, UCI, USCI, DYY, UCD, DEE, CMD, DDP, RGRC, CTF, CFD CSCR, CSCB.
    | 3 Comments
  • Aug. 15, 2013, 4:03 AM
    • Reducing Japan's corporate tax rate wouldn't have an immediate impact on the economy, Finance Minister Taro Aso says, as only around 30% of firms pay such taxes.
    • Rather, the government should consider tax breaks to promote capex and business investment. Economics Minister Akira Amari echoed those remarks.
    • In addition, Chief Cabinet Secretary Yoshihide Suga denied that Prime Minister Shinzo Abe has told ministers to consider reducing the corporate tax rate.
    • There has speculation that the government is considering the cut in order to offset a planned two-step rise in sales tax amid fears that such an increase would harm the economy as it begins to recover from deflation.
    • The Nikkei falls 2.1% while the dollar drops 0.2% vs the yen following the remarks. A lack of clarity about when the Fed might start tapering is also hurting the dollar.
    • Japan ETFs - Stocks: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS. Bonds: JGBT, JGBL, JGBS, JGBD. Currency: FXY, JYN, YCL, YCS
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  • Aug. 13, 2013, 7:29 AM
    • The yen falls sharply vs. the greenback with dollar/yen +1.1% to ¥98.00 following a report Shinzo Abe's government is considering a corporate tax cut.
    • The idea to cut the corporate tax comes as the government increasingly looks to be moving forward with a big hike in the national sales tax - a momentum-killer for the Japanese economy on more than one occasion throughout these two lost decades. A note from JPMorgan this morning has that desk believing the boost will go through as expected, with a final decision coming in October.
    • FXY -0.6% premarket. Other yen ETFs: YCL, YCS, JYN.
    • The news also boosted stocks, with the Topix climbing 2%. Even after struggling for the last quarter, the Topix is 35% higher on the year. It trades at 1.2x book value compared to 2.5% for the S&P 500 and 1.7% for the Stoxx Europe 600.
    • DXJ +0.4%, EWJ +0.7% premarket. Other equity ETFs: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS.
    • JGB ETFs: JGBT, JGBL, JGBS, JGBD.
    | 1 Comment
  • Aug. 12, 2013, 2:58 AM
    • Capital expenditure unexpectedly fell for the sixth consecutive quarter, dropping 0.1% on quarter vs consensus of +0.7.
    • Private consumption +0.8% vs forecasts of +0.5%, boosted by spending on food, travel and consumer electronics.
    • External demand contributed 0.2 percentage point to growth and domestic demand 0.5 point.
    • The worse-than-expected GDP has intensified the debate about a proposed increase in sales tax. "There is no need to raise the sales tax in a hurry," says Koichi Hamada, a key adviser to Prime Minister Shinzo Abe. Doing so "as scheduled might hurt the economy."
    • Previous
    • ETFs - Stocks EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, DXJS, JPNS. Bonds: JGBT, JGBL, JGBS, JGBD. Forex:  FXY, JYN, YCL, YCS
    | 1 Comment
  • Aug. 7, 2013, 12:47 PM
    • Morgan Stanley returns to the bullish dollar camp only a few months after turning bearish on the greenback ahead of its early-summer tumble.
    • "The trend in the dollar is clearly to the upside," says the bank's head of FX strategy, Hans Redeker, who sees the dollar strengthening to $1.26 per euro (FXE) and 107 yen (FXY) by year's end.
    • Redeker says the reasoning for his previous bearish stance was the need for a "pause" in the rampant dollar bullishness of late spring.
    • Dollar ETFs: UUP, UDN. Leveraged dollar ETFs: UUPT, UDNT.
    • Other euro ETFs: ULE, ERO, URR, DRR, EUO.
    • Other yen ETFs: YCL, YCS, JYN.
    | 1 Comment
  • Aug. 7, 2013, 5:03 AM
    • Japanese shares (DXJ) drop 4% and lead Asian stocks lower after two Fed policy makers, including the dovish Charles Evans, said the U.S. central bank could start tapering as early as next month.
    • The remarks sent the dollar lower against the yen, which in turn helped drag down the Nikkei. The USD-JPY (FXY) is now -0.8% at ¥96.98.
    • Other Asian bourses were also hit, with Hong Kong -1.5%, China -0.7% and India -0.1%.
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  • Aug. 5, 2013, 4:35 AM
    • Japanese shares (DXJ) drop 1.4% as the yen continues to weaken against the dollar following Friday's U.S. jobs report, which appears to have supported those who believe the Fed will delay its tapering.
    • The USD/JPY (FXY) is -0.5% at ¥98.47.
    • Stocks rise elsewhere in Asia, with equities in China (FXI) supported by a report that the country may relax its one-child policy.
    • Hong Kong +0.1%, China +1%, India +0.35%.
    | Comment!
  • Jul. 29, 2013, 4:11 AM
    • Japanese shares (DXJ) lead Asian stocks lower as the yen (FXY) increases against the dollar ahead of the Fed's monetary policy meetings this week, when it's expected to keep its QE program in place for some time to come.
    • The yen is also stronger on fears about China's (FXI)  slowing growth and rising credit, factors that are weighing on sentiment in Shanghai as well.
    • The Nikkei is also being pulled down by a possible delay or watering down a proposed increase in sales tax, which is seen as vital to help reduce Japan's debt load.
    • Japan -3.3%, Hong Kong -0.5%, China -1.7%, India -0.6%.
    | Comment!
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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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