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CurrencyShares Japanese Yen Trust ETF (FXY)

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  • Jul. 22, 2013, 3:33 PM
    The yen's (FXY +0.8%) surge is a clear case of buy the rumor, sell the fact, says Deutshce following the LDP's big victory in upper house elections overnight. The results give the party of PM Shinzo Abe control of both chambers of the Diet, paving the way to push through his reform agenda. There are several implications, but the bottom line is it "removes another hurdle to investors being long Dollar/yen." FXY is the most popular yen ETF, but leverage fans might have a look at YCL (leveraged long yen) and YCS (leveraged short yen). If the yen does head lower, it could give a charge to the formerly red-hot but recently stalled Hedged Japan Equity ETF (DXJ -0.5%) and its sponsor WisdomTree (WETF +3.7%).
     
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  • Jul. 18, 2013, 4:21 AM
    Asian shares are mixed, with Japanese stocks (DXJ) rising 1.3% as the yen (FXY) falls 0.7% against the dollar following Ben Bernanke's comments yesterday that QE is still set to end by mid-2014. However, Chinese (FXI) and Hong Kong (EWH) shares drop after a rise in Chinese house prices sparked renewed fears about an overheating property market. Hong Kong -0.1%, China -1.1%, India +0.3%.
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  • Jul. 10, 2013, 10:48 AM
    The yen (FXY +0.7%) is nicely higher vs. the dollar as investors pare bets the BOJ will ease further amid the beginning of a 2-day policy meeting last night. A majority of economist surveyed by Bloomberg expect no additional action from the BOJ, a reversal of what was believed 2 months ago. "The economy is proving (BOJ Gov.) Kuroda right," says one economist. "This is the first time in awhile that the BOJ doesn't have to boost stimulus." Japanse stocks: EWJ -0.3%, DXJ -0.8%.
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  • Jul. 2, 2013, 8:38 AM
    A big rip in dollar/yen sends that pair above ¥100 for the first time since the start of June. The bounce in dollar/yen - which fell as low as ¥94 mid-month - comes alongside a big rebound in the Nikkei, up about 16% from the June low. FXY -0.6%, EWJ +0.9%, DXJ +1.4% premarket.
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  • Jun. 24, 2013, 8:25 AM
    BOJ Deputy Governor Kikuo Iwata - a forceful proponent of monetary ease - says the bank has no plans to step in over temporary market turbulence and would only consider additional easing were there a long-term decline in price expectations. Remember the central bank drill: Talk tough, talk tough, cave. EWJ -3.4, DXJ -3.6% premarket. The yen (FXY) is weaker by 0.4%, dollar/yen at ¥98.22.
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  • Jun. 21, 2013, 4:05 AM
    The U.S. Dollar Index is +0.1% as the greenback mostly continues to add to the gains it enjoyed yesterday following the Fed's QE comments, although not with the same intensity. USD-EUR flat, USD-JPY (FXY) +0.6%, USD-GBP (GBB) +0.1%, USD-AUD -0.3%, USD-CHF +0.1%.
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  • Jun. 20, 2013, 3:09 AM
    The dollar strengthens across the board following the Ben Bernanke Show yesterday. "Bernanke was more explicit than markets had expected. Rising U.S. yields will spur broad dollar buying. The dollar's direction is now set," says Credit Agricole's Yuji Saito. USD-JPY (FXY) +1.1%, USD-EUR +0.3%, USD-GBP (GBB) +0.3%, USD-AUD +0.6%.
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  • Jun. 17, 2013, 3:59 AM
    Asian shares rise ahead of the FOMC's latest meeting this week, with tepid economic data in the U.S. on Friday perhaps convincing investors that the Fed won't announce an early change to its $85B-a-month bond-buying program. Japanese stocks increase sharply for a second consecutive session, boosted by bargain-hunting following the recent sell-off and the weakening yen. Japan +2.7%, Hong Kong +1.1%, China -0.3%, India +0.4%. Dollar-yen (FXY) +0.8% at $95.02.
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  • Jun. 14, 2013, 4:35 PM
    The week's ETF movers - Gainers: VXX +9.2%. FXY +3.2%. SLV +2.3%. SIVR +2.0%. OIL +1.8%.
    ETF Losers: KOL -5.8%. VNM -5.7%. FXI -4.7%. GDXJ -4.2%. EWZ -4.2JI%.
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  • 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).
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  • 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%.
    | 1 Comment
  • 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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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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