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CurrencyShares Japanese Yen Trust ETF (FXY)

- NYSEARCA
  • 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
  • Feb. 22, 2012, 8:10 AM
    The dollar rises to a 7-month high vs. the yen as the BOJ reiterates its commitment to getting a green print on the nation's CPI, Governor Shirakawa telling lawmakers a price target was set to show the central bank's resolve. Dollar +0.6% and buying ¥80.25.
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  • Feb. 17, 2012, 3:31 PM
    The dollar rises to its highest level vs. the yen since mid-summer following a surprise move by the BOJ in which it effectively set an inflation target. As Japanese inflation is currently well below that level, it would imply continued QE until such target is reached.  Dollar/yen +4.5% in February to ¥76.46. Japanese shares, EWJ, +3.2% since the announcement.
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  • Feb. 17, 2012, 4:07 AM
    The dollar extends its move higher against the yen after dovish comments from the Bank of Japan, with Governor Masaaki Shirakawa saying "the BOJ will continue with powerful monetary easing" and that the bank's 1% consumer inflation target, which could prompt policy tightening, is still a long way off. USD +0.15% ¥79.02.
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  • Feb. 14, 2012, 7:32 AM
    The yen is the big mover in currency markets, falling following the BOJ's surprise easing and apparent setting of an explicit inflation goal. "Our view is that (the BOJ) has effectively set an inflation target," says finmin Jun Azumi. Dollar/yen +0.7% to ¥78.11.
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  • Feb. 14, 2012, 1:59 AM
    The Nikkei is +0.6% and the dollar +0.5% to ¥77.98 after the Bank of Japan unexpectedly added ¥10T ($128B) to its asset-purchase program. In setting an explicit price stability "goal" (as opposed to an "understanding"), BoJ is targeting 2% or lower in the CPI in the medium-to-long-term and 1% for now. (BOJ statements)
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  • Feb. 12, 2012, 7:09 PM
    Japan Q4 Real GDP -0.6% Q/Q, -2.3% annualized, vs. consensus -0.4% Q/Q, -1.3% annualized. Tokyo +0.3% in early trade. Dollar/yen rises a hair to ¥77.67.
    | 1 Comment
  • Feb. 8, 2012, 10:46 AM
    Facing pressure from Japan (worried about the strong yen) to stop purchasing JGBs, China - as it does with the U.S. - looks to have channeled its buys through the U.K. Officially, China reduced its holdings of Japanese paper by $45B in 2011, but Japan shows $880B in unaccounted purchases from the U.K. - it's likely at least some of that is from China.
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  • Feb. 2, 2012, 7:47 AM
    With the dollar again sinking toward post-war lows vs. the yen, Japan finmin Azumi steps up intervention threats and calls out the Fed's "pledge" to keep rates microscopic through 2014 as giving an invitation to traders to sell greenbacks. Dollar/yen remains lower on the day, -0.1% at ¥76.11.
    | 1 Comment
  • Jan. 31, 2012, 2:59 AM
    Market chatter that Japanese banks have been told to stay at work late, hinting at possible official action later on. USD/JPY +0.03% to 76.31. (via DailyFX)
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  • Jan. 24, 2012, 2:56 PM
    Could the beginning of chronic trade deficits in Japan finally break the back of the JGB market? The savings rate has nearly disappeared and the massive postal savings fund has become a net seller of JGBs. "Japan has relied on its trade surplus ... to preserve calm even as public debt (has) ballooned to reach 238% of GDP," writes Ambrose Evans-Pritchard. "Confidence in Japan's debt trajectory could evaporate fast."
    | 1 Comment
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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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