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CurrencyShares Japanese Yen Trust ETF (FXY)

  • 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%.
  • May. 30, 2013, 3:47 PM
    Causing a quick move higher in the yen and (it's all connected) a few points to come out of stocks is a Nikkei story reporting Tokyo's plans for new rules on forex trading - "intended to protect investors and limit scope for speculation." Firms will be required to settle trades even when traders are ahead, with the fine for a violation as much as ¥100M. FXY +0.5%, DJIA (DIA +0.3%) is up 52 points vs. closer to 90 minutes ago.
  • May. 30, 2013, 2:56 AM
    A late sell-off in an already weak market causes the Nikkei (EWJ) to close -5.2%, taking the index's losses since the volatility began late last week to over 14%. Fears about the end of the Fed's QE program and the market undergoing a correction are cited as reasons for the turbulence, as well as the falling dollar-yen (FXY) (-0.6%), although equity-currency relationship seems to have become reciprocal. Elsewhere in Asia, Hong Kong -0.4%, China -0.1%, India -0.1%.
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  • May. 29, 2013, 7:28 AM
    Skittishness in the markets has the yen (FXY) resuming gains against the dollar, with dollar/yen sliding 1.2% to ¥101.13. After a couple of frightening plunges in the past few sessions, the Nikkei took the yen's gain rather well, falling just 0.9% to 14,189. EWJ -1.7%, DXJ -1.5% premarket. Action to eye: The JGB market as the 10-year yield carves out a new Y/Y high, up 4 bps to 0.93%
  • May. 28, 2013, 4:55 AM
    The yen (FXY) is slides against the dollar after three days of gains due to concerns about the climb in Japanese government bond yields last week. The market volatility has prompted Economy Minister Akira Amari to like himself to an airplane captain going through turbulence. "Ladies and Gentlemen, we are now crossing a zone of turbulence but have no safety problems...We should leave the area soon." The dollar is +1.1% at ¥102.07.
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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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