Seeking Alpha
 

CurrencyShares Japanese Yen Trust ETF (FXY)

- NYSEARCA
  • Oct. 2, 2014, 7:18 AM
    • The Nikkei had its worst day in seven months overnight, plunging 2.6% following the ugly session in the States. Plunging itself for a few weeks now, the yen (NYSEARCA:FXY) put in a positive session, rising 0.25% vs. the dollar to ¥108/63.
    • ETFs: DXJ, EWJ, FXY, YCS, JYN, NKY, DBJP, EZJ, EWV, YCL, JPNL, ITF, JPP, JPNS, HEWJ, FJP
    | 2 Comments
  • Sep. 30, 2014, 5:05 AM
    • Japan's economy took another big hit in August, with figures displaying annual household spending plunging 4.7%, falling for a fifth straight month. Trade ministry data also shows industrial output dropping 1.5% in August.
    • The effects of the April 1 sales tax hike to 8% from 5% continue to take a toll on the country's economy, as it shoots for its 2% inflation goal by around mid-2015.
    • The Bank of Japan is in no mood to deploy additional easing anytime soon, although a weakening yen will make that target very difficult.
    • ETFs: DXJ, EWJ, FXY, YCS, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, DXJS, SCJ, JPNL, JSC, ITF, JPP, JPNS, HEWJ, FJP, QJPN, JPMV, DXJT, DXJH, DXJR, DXJC, DXJF
    | Comment!
  • Sep. 21, 2014, 10:10 AM
    • Akira Amari, Japan's Minister for Economic Revitalization, has indicated that a second increase in consumption tax will go ahead as planned, saying it is necessary to meet the rising costs for social security and the country’s budget deficit.
    • Weeks of disappointing data previously caused some advisers to Prime Minister Shinzo Abe to call for a delay in the increase to 10%, due to take effect next October, arguing that the first rise in April, from 5% to 8%, had taken too heavy of a toll.
    • Amari says that extra monetary and fiscal stimulus will ensure that the tax hike will not endanger the country’s recovery. The government will also offer tax breaks for small businesses to spur capital spending.
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJH, DXJR, DXJF, DXJC, DXJT, FXY, YCS, JYN, YCL
    | 3 Comments
  • Sep. 19, 2014, 3:35 AM
    • Japanese stocks soared to a seven-year high this morning following the yen's sharp drop on Scotland's independence and the announcement of Prime Minister Shinzo Abe's pension reform plans.
    • The Nikkei climbed 1.6% to 16,321.17, its highest closing level since 2007. The Topix rose 1.1% to 1,331.91, while the JPX-Nikkei Index 400 gained 1.2% to 12,085.85.
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJH, DXJR, DXJF, DXJC, DXJT, FXY, YCS, JYN, YCL
    | 2 Comments
  • Sep. 16, 2014, 9:38 AM
    • Forty-eight percent of fund managers believe the Fed will begin rate hikes in Q2, according to the BAML Fund Manager Survey for September. That's up from 38% one month previous. The ECB is a different story - with 42% expecting QE before year's end vs. only 32% believing so in August.
    • Naturally in this scenario, the group overwhelmingly - 86% - expects the dollar (NYSEARCA:UUP) to strengthen, not just against the euro (NYSEARCA:FXE), but the yen (NYSEARCA:FXY) as well, given the BOJ's threat to ease more.
    • The Scottish referendum, meanwhile, has managers skittish, with the U.K. (NYSEARCA:EWU) being the region most want to underweight in the coming 12 months.
    • Dollar ETFs: UUP, UDN, FORX, UDNT, UUPT, USDU
    | 3 Comments
  • Sep. 12, 2014, 4:09 AM
    • Japanese shares rose for the fifth straight session today, led by exporters on the yen's weakness.
    • The Nikkei hit a eight-month high, climbing 0.3% to 15,948.29, its highest close since Jan. 8. The Topix rose 0.2% to a six-year closing high at 1,313.72, while the JPX-Nikkei Index 400 gained 0.2% to 11,905.53.
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJH, DXJR, DXJF, DXJC, DXJT, FXY, YCS, JYN, YCL
    | 2 Comments
  • Sep. 8, 2014, 4:05 AM
    • Revised figures now show that Japan's real GDP shrank an annualized 7.1% between April and June, topping the 6.8% fall reported two weeks ago, due to a bigger than expected decrease in capital expenditure and decline in consumer spending.
    • The contraction marks the country's biggest slump since the first quarter of 2009, and puts pressure on Prime Minister Shinzo Abe's decision, expected by year-end, on whether to proceed with a scheduled second increase in the sales tax to 10%.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, DFJ, JGBD, NKY, JYN, DBJP, EZJ, EWV, YCL, SCJ, DXJS, JPNL, ITF, JSC, JGBL, JPP, JGBT, JPNS, HEWJ, JGBB, FJP, JPMV, QJPN, DXJT, DXJR, DXJH, DXJF, DXJC
    | 2 Comments
  • Sep. 4, 2014, 4:04 AM
    • The Bank of Japan held to its upbeat view on the economy and heavy monetary stimulus this morning, despite the recent stings from a 3% sales tax hike in April.
    • The projection of economic recovery saw consumption benefiting from a tightening job market resulting in higher wages.
    • Leaving its policy framework unchanged, the central bank also pledged to increase base money by 60T-70T yen ($571B-$666B) per year via aggressive asset purchases to reflate its declining economy.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, DFJ, JGBD, NKY, JYN, DBJP, EZJ, EWV, YCL, SCJ, DXJS, JPNL, ITF, JSC, JGBL, JPP, JGBT, JPNS, HEWJ, JGBB, FJP, JPMV, QJPN, DXJT, DXJR, DXJH, DXJF, DXJC
    | Comment!
  • Sep. 2, 2014, 9:15 AM
    • At issue as the euro (NYSEARCA:FXE) touches a one-year low and the yen (NYSEARCA:FXY) nears its weakest level of 2014 are expectations for the divergent paths of monetary policy. While the Fed is signaling a rise in interest rates by this point next year, the ECB is set to further ease policy this week and the BOJ isn't tightening any time soon.
    • Old news? CFTC data on futures positions show bearish bets against the euro have jumped to their highest level in more than two years, and those short the yen approaching peaks seen in 2013. Futures, of course, are a tiny slice of a vast foreign currency trading market.
    • ETFs: UUP, UDN, FORX, UDNT, UUPT, USDU
    | Comment!
  • Sep. 2, 2014, 3:26 AM
    • Japanese shares soared today, led by exporters and the yen slipping to a seven-month low against the dollar. Traders said a planned cabinet reshuffle by Prime Minister Shinzo Abe also supported sentiment.
    • The Nikkei hit a seven-month high, climbing 1.2% to 15,668.60. The Topix rose 1.1% to 1,297, while the JPX-Nikkei Index 400 gained 1.1% to 11,763.89.
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJH, DXJR, DXJF, DXJC, DXJT, FXY, YCS, JYN, YCL
    | 1 Comment
  • Aug. 27, 2014, 2:41 AM
    • Compared to its previous hike, the Japanese government needs to be more cautious regarding its upcoming decision to raise the national sales tax, warns Vice Economy Minister Yasutoshi Nishimura.
    • Nishimura highlights that the sharp decline in consumer spending from the 3% tax hike in April is proving prolonged, and hopes that the Bank of Japan will decide on further monetary easing as appropriate.
    • Meanwhile, Prime Minister Shinzo Abe is to soon decide whether to proceed with the proposed plan of raising the national sales tax even higher, lifting the rate to 10%.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, DXJS, JPNL, JSC, ITF, JGBL, JPP, JGBT, JPNS, HEWJ, JGBB, FJP, JPMV, QJPN, DXJT, DXJR, DXJH, DXJF, DXJC
    | 1 Comment
  • Aug. 25, 2014, 4:04 AM
    • Japanese stocks rebounded to a 3-1/2-week high Monday, led by exporters and others due to a weak yen (which struck a seven-month low against the dollar this morning).
    • The Nikkei closed at yet another record high since July 31, climbing 0.5% to 15,613.25, despite trading volume hitting its lowest in a week.
    • The Topix gained 0.4% to 1,291.31, while the JPX-Nikkei Index 400 rose 0.4% to 11,751.23.
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJH, DXJR, DXJF, DXJC, DXJT, FXY, YCS, JYN, YCL
    | 2 Comments
  • Aug. 21, 2014, 4:02 AM
    • Japanese stocks rose to a three-week high this morning, posting large gains for the ninth consecutive day, as a weaker yen shored up exporters after Fed meeting minutes raised the risk of an earlier interest rate hike.
    • The Nikkei closed at its highest level since July 31, climbing 0.9% to 15,586.20. The nine-days of straight gains was the index's longest streak since December.
    • The Topix also gained 0.9% to 1,291.19, while the JPX-Nikkei Index 400 rose 0.9% to 11,752.54.
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJH, DXJR, DXJF, DXJC, DXJT, FXY, YCS, JYN, YCL
    | Comment!
  • Aug. 11, 2014, 3:26 AM
    • Japanese stocks gained heavily this morning, posting their largest daily jump in four months. Easing tensions in Ukraine, and exporters on the rise due to the yen stepping back from its sharp gains last week - both contributed to the rise.
    • The Nikkei recouped most of its steep losses from Friday, soaring 2.4% to 15,130.52 - its largest daily percentage gain since mid-April. The Topix climbed 2% to 1,252.51, while the JPX-Nikkei Index 400 gained 2.1% to 11,402.48.
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJH, DXJR, DXJF, DXJC, DXJT, FXY, YCS, JYN, YCL
    | Comment!
  • Aug. 8, 2014, 7:19 AM
    • The Nikkei capped a tough week, falling 3% overnight with Obama's ordering of airstrikes in Northern Iraq a convenient excuse for the decline.
    • Today's session also happens to be the busiest earnings report day of the season and Nikon Corp. tumbled 9.4% after lower full-year guidance, Taiyo Yuden dove 8.9% after cutting its outlook, and Nisshin Steel plunged 9.8% after profit fell 99%.
    • The BOJ maintained its pledge to boost the monetary base by ¥60T-¥70T.
    • The dollar is weaker vs. the yen by 0.25%, with dollar/yen down to ¥101.83.
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, DXJS, JPNL, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJT, JPMV, QJPN, DXJH, DXJR, DXJF, DXJC, FXY, YCS, JYN, YCL
    | Comment!
  • Aug. 4, 2014, 3:28 AM
    • Japanese stocks fell to a more than one-week low this morning, with financials and sea transporters leading the losses, as investors turned risk averse due to the last week's U.S. stock sell-off and concerns over Argentina's default and Portuguese banking problems.
    • Japanese equities still drew some support from hopes of an improvement in domestic corporate earnings, as well as solid Asian shares and a stable currency market.
    • The Nikkei sank 0.3% to 15,474.50, its lowest close since July 25, extending losses for a third straight trading day. The Topix shed 0.4% to 1,276.19, while the JPX-Nikkei Index 400 dropped 0.3% to 11,620.36.
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJH, DXJR, DXJF, DXJC, DXJT, FXY, YCS, JYN, YCL
    | Comment!
Visit Seeking Alpha's
FXY vs. ETF Alternatives
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.
See more details on sponsor's website
Country: Japan
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub