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CurrencyShares Japanese Yen Trust ETF (FXY)

- NYSEARCA
  • Mar. 22, 2012, 8:23 AM
    Has the yen's weakness this year been about new and improved BOJ money-printing operations, or was it just the result of surging financial markets? All it took was a slight wobble in equities worldwide for the yen to surge higher, the dollar just buying ¥82.80 vs. ¥84.10 24 hours ago. FXY +0.8% premarket.
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  • Mar. 18, 2012, 10:11 PM
    The sinking yen may be good for Japanese shares, but choose your ETF wisely. The giant iShares MSCI Japan Fund (EWJ), +10.8% YTD, doesn't hedge its currency exposure. Two that do - WisdomTree's DXJ and Deutsche's DBJP - are up +17.3% and +22.4%, respectively.
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  • Mar. 15, 2012, 2:59 PM
    Describing the recently weakened yen as still "super strong," Nissan's (NSANY.PK) COO , asks for more. Mazda's (MZDAY.PK) CEO agrees, unworried the yen could actually move to a level deemed as weak.
    | 1 Comment
  • Mar. 14, 2012, 9:20 AM
    The best one-way trade of the year isn't Apple, it's dollar/yen, the greenback rising in a nearly unbroken line since the beginning of February, and touching a new 11-month high today of ¥83.57. Yen ETF: FXY -0.7% premarket. UltraShort Yen ETF: YCS +1.3% premarket.
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  • Mar. 13, 2012, 8:13 AM
    Initially falling against the yen after the BoJ didn't come through with additional easing measures last night, the dollar is back on the rise, hitting a new 11-month high of ¥82.68. Deutsche Bank notes the full effect of last year's earthquake - a "huge negative terms of trade shock" - is only now being felt, and likely to keep a firm bid under dollar/yen.
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  • Mar. 12, 2012, 9:28 AM
    The bit firmly between their teeth, Japanese officials continue to press for a weakening yen, PM Noda telling Parliament the currency remains "strong," and finmin Azumi also chipping in. The dollar's quick rise vs. the yen - up 8.1% in the last 6 weeks - has been one of the year's more interesting developments. Yen ETF: FXY -6.7% YTD.
    | 1 Comment
  • Mar. 9, 2012, 9:07 AM
    The dollar is moving sharply higher against most major currencies following the jobs report. It's the opposite of recent market action where, perversely, strong U.S. economic news saw the greenback drop as money moved into "risk" assets, of which the euro, the pound, and the aussie are now thought of. The euro -1.1%, pound -0.7%, aussie -0.4%, yen -1.1%. UUP +0.8% premarket.
    | 1 Comment
  • Mar. 8, 2012, 7:40 AM
    The dollar is solidly higher against the yen following last night's somewhat shocking trade and current account deficit announcements. Trained by 30 years of data, markets are not used to Japan being in deficit. The country's abandonment of nuclear power amidst rising oil prices is likely an important factor. Dollar +0.7% to ¥81.64.
    | 2 Comments
  • Mar. 6, 2012, 12:13 PM
    The BOJ's new QE program will have it purchasing an amount of Japanese debt equal to all government bond issuance in 2012. Is there a difference between a central bank buying government paper to stimulate the economy and buying government paper for which there otherwise is a lack of demand?
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  • Mar. 2, 2012, 6:11 AM
    Japanese January unemployment 4.6% vs. 4.5% in December vs. 4.5% expected. The government attributed the rise to more new jobseekers, especially women, entering the market, with many apparently quitting their jobs and seeking higher salaries rather than being dismissed.
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  • Mar. 2, 2012, 6:05 AM
    Japanese January core CPI -0.1% Y/Y vs. -0.1% in December and -0.2% expected, with the decline being the fourth in a row. "The data reconfirm Japan’s deflation is deeply rooted," says JP Morgan economist Masamichi Adachi. "The Bank of Japan will probably have to act more aggressively going forward."
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  • Feb. 27, 2012, 4:49 PM
    While the BOJ's surprise commitment to raising the country's inflation rate is thought to be behind the yen's recent decline, perhaps it's all about oil. Already a major importer, Japan is even more dependent on crude thanks to the idling of its nuclear industry. Simon Derrick of BNY says the correlation between oil's rise and the yen's decline has jumped to nearly 1.
    | 1 Comment
  • Feb. 27, 2012, 8:33 AM
    The dollar takes a break from its bull market vs. the yen, -0.9% to ¥80.50 as the risk meter moves slightly to off this morning. The greenback has had a big run as the BOJ says its commitment to ending Japanese deflation is real this time, but expect markets to test policymakers who always fall back to old habits when things get rocky.
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  • Feb. 26, 2012, 8:40 AM
    Upward pressure on the yen is easing, says a senior official at Japan's Finance Ministry, though he signals Japan's readiness to intervene again if speculators push the yen too high. Speaking from the G-20 summit, he says the yen hasn't been directly addressed, though currency volatility was discussed.
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  • Feb. 24, 2012, 3:49 PM
    Maybe February's most interesting move is the yen's sharp decline. Previous tumbles like this have usually been the result of MOF intervention - which never lasts and usually provides a fade opportunity. The BOJ getting serious about turning the country's CPI green looks to be behind this move. The yen: FXY -5.8% in February. Japanese shares benefiting, EWJ +5.6% this month.
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  • Feb. 22, 2012, 3:23 PM
    Japan is finally getting serious about fighting deflation, writes Scott Grannis - trying to permanently increase the supply of yen with massive bond purchases paid for by creating reserves. The beneficiaries should be the Japanese economy, the Nikkei, and dollar/yen ( already up 5.1% in 3 weeks).
    | 2 Comments
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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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