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CurrencyShares Japanese Yen Trust ETF (FXY)

  • Jun. 13, 2013, 6:16 PM
    The dollar/yen dropped below the key 95-handle to a new 10-week low today but stocks still gained, signaling a trend reversal as equities have moved very closely with the yen (FXY) for the past several weeks. Instinet's top technician says the key reversal pattern, plus the yield's test and pullback from resistance at the top of a year-long rising channel, suggests a continued rise in the yield is unlikely in the short term.
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  • Jun. 13, 2013, 2:50 AM
    While the Nikkei plummets, the yen (FXY) soars. The dollar-yen rate is -2.1% at $94.05, with the drop in shares prompting a clean-out of long dollar positions. Hedge funds selling assets for cash ahead of their half-year book closing have exacerbated the movements. Still, JGBs seem to be fairy stable, with the 10-year yield -2 bps at 2.72%.
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  • Jun. 12, 2013, 10:20 PM
    Stocks plunge in Tokyo as the Nikkei (EWJ, DXJ) tumbles 5.6% touching a two-month low of 12,543. The USD/JPY slides 1.4% at last check to ¥94.69 (FXY).
  • Jun. 12, 2013, 7:50 AM
    Forget the VIX (VXX), JPY (the yen, FXY) is the market's new fear gauge, writes Randall Forsyth, and its strengthening of late has been a sign stocks and commodities are dumping. The yen has been a favorite of the carry-traders forever, but Abenomics - at which its devaluation was promised - brought the play to a whole new level. A reversal means selling in everything from stocks, to gold, to emerging markets, to junk bonds.
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  • Jun. 12, 2013, 4:14 AM
    Japanese shares (EWJ) have had another volatile day, falling as much as 2.4% before rebounding to close a mere -0.2%. European stocks (FEZ) have recovered a bit of poise after two days of declines, as has the dollar-yen rate (FXY), which is +0.75%. But the continuing theme of uncertainty about central bank stimulus is keeping markets on edge. Hong Kong and China closed. India -0.2%. EU Stoxx 50 +0.2%, London flat, Paris +0.2%, Frankfurt +0.1%, Madrid +0.65%, Milan +0.1%.
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  • Jun. 11, 2013, 2:55 PM
    The yen (FXY +2.9%) spikes higher, bringing dollar/yen back below ¥96 amid rumors of busted carry trades and hedge fund liquidations. Should today's move be sustained, it would be the largest single-day drop for the pair since the 2010 flash crash. BofA's MacNeil Curry suggests the next stop in ¥91. Japan stock ETFs take it hard: The iShares Japan Fund (EWJ -2%), WisdomTree's Hedged Equity Fund (DXJ -4.9%). 
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  • Jun. 11, 2013, 3:44 AM
    The Nikkei (EWJ) falls 1.4% and the USD-JPY (FXY) is -0.6% after the BOJ announced no new steps to curb the volatility in the bond market. Yields on Japanese 10-year bonds are up 3 bps to 0.88%. Real estate stocks were also hit by the BOJ not adding to its purchases of REITs. Hong Kong shares dropped 1.3% ahead of a holiday tomorrow and the re-opening of mainland Chinese exchanges on Thursday. India is -1.4%.
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  • Jun. 10, 2013, 3:56 AM
    The Nikkei (NKY) continued with its wild ways today, surging 4.9% after Japanese Q1 GDP growth was revised upwards, and U.S. jobs data came in just right (not too good, not too bad) and helped boost the dollar vs the yen. Hong Kong +0.2%, China closed, India +0.1%. USD-JPY (FXY) +0.9%.
  • Jun. 9, 2013, 9:58 PM
    Japan revises Q1 GDP up to 4.1% (annualized) from an initial reading of 3.5% sending the Nikkei (EWJ, DXJ) up 3% in early trading. Also helping Japanese stocks is the weak yen (FXY), down 0.4% against the dollar to ¥97.95. Meanwhile, the BOJ begins a two-day policy meeting. Goldman's advice: Initiate "long positions in Nikkei September futures with a target of 14,500 and a stop on a close below 12,700." For what it's worth.
  • Jun. 7, 2013, 4:28 PM
    The week's ETF movers - Gainers: OIL +5.1%. USO +4.7%. BNO +4.6%. FXY +3.1%. DBC +1.7%.
    ETF Losers: GAZ -4.7%. UNG -4.1%. PSLV -2.9%. SLV -2.7%. SIVR -2.6%.
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  • Jun. 7, 2013, 7:14 AM
    Long Nikkei, short yen continues to unwind with investors in 2013's most popular trade all hitting the exit at the same time. The yen's up another 1.6%, with dollar/yen at ¥95.47 and erasing more than 2 months worth of gains in the last few sessions. FXY +1.3% premarket. The Nikkei tumbled another 1.8% overnight and has also erased 2 months worth of gains. DXJ -2.3% premarket. Earlier: Japan's government pension fund confirms it's cutting JGB exposure and increasing equity holdings.
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  • Jun. 7, 2013, 12:35 AM
    Asked and answered: Midday Thursday (U.S. time), Forbes wondered if "Soros and the gang .... have unwound their bets on Japan."  Friday morning (Asia time), the answer via Dow Jones Newswire: Soros is "back placing bets in Japan, shorting the yen and snapping up local stocks."
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  • Jun. 6, 2013, 12:28 PM
    Unusual given past patterns, the dollar (UUP -1.7%) is being unloaded across the board and in size along with stocks selling off. The euro (FXE +1.5%), cable (FXB +1.8%), the yen (FXY +3.1%), the aussie (FXA +1.1%), and the loonie (FXC +1.3%) are all sharply higher vs. the greenback. The Dow's now off 86 points.
  • Jun. 3, 2013, 11:24 AM
    The yen (FXY +1.4%) surges higher, with dollar/yen crashing through ¥100 all the way to ¥98.97 - the first time in double digits in about a month. Along with the strengthening yen are declining Nikkei 225 futures (NKY), off 2.8%. EWJ -1.9%, DXJ -3.6%. The proprietor of the DXJ, WisdomTree (WETF -3.1%).
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  • May. 31, 2013, 10:56 AM
    The yen (FXY) snoozes through an IMF warning over its devaluation, the agency saying the decline may have gone too far. The yen's current level, says the IMF's David Lipton, has left it "slightly below" where fundamentals say it should be. By itself, it's not much of an issue he adds, as long as accompanied by promised fiscal and structural reforms.
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  • May. 31, 2013, 7:36 AM
    A rare bird is spotted in Japan ... price hikes. With the weakening yen (FXY) starting to hit profits, Apple bumps the prices of iPads and iPods. The company joins Tiffany, Miele, and Volkswagon who also increased prices recently. 10-year JGB yields continue under 1%, off 4 bps overnight to 0.85%.
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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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