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CurrencyShares Japanese Yen Trust ETF (FXY)

  • Dec. 20, 2011, 2:26 AM
    Japan is stepping up its efforts against the appreciating yen, with plans to raise the issuance limit for bills to fund currency intervention to ¥195T ($2.5T). Finmin Jun Azumi says the increase will allow him to take "decisive" actions when needed. The yen is little changed this morning, at 77.95 to the dollar.
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  • Nov. 28, 2011, 4:43 AM
    BoJ's Shirakawa sticks to the view that Japan's economy will eventually resume a moderate recovery fueled by demand in emerging nations, but cautions the country's shorter-term outlook is being clouded by Europe's sovereign debt woes and the yen's rise. The central bank stands ready to boost monetary stimulus if economic risks increase.
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  • Nov. 25, 2011, 2:40 AM
    Japan October core CPI -0.1% M/M (in line) vs. +0.2% in September. It's the first fall in four months and confirms that Japan is still grappling with deflation, which will probably ensure the BOJ will maintain its ultra-easy monetary policy for a while to come. (PR)
  • Nov. 24, 2011, 5:09 AM
    S&P's Takahira Ogawa says the agency is getting closer to downgrading Japan's AA- rating, due to its finances "getting worse and worse every day, every second." Ogawa's remarks follow an IMF warning that Japan is at risk of a "sudden spike" in bond yields that could make its debt unsustainable.
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  • Nov. 22, 2011, 8:52 AM
    Closing down 0.4% at 8,315 overnight, the Nikkei has now sunk back to its post-earthquake lows of mid-March, erasing a near 25% gain from that panic-induced bottom. Japan ETF: EWJ -17.7% YTD.
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  • Nov. 21, 2011, 3:36 AM
    Japan's parliament passes a ¥12.1T ($157B) extra budget, including the issuance of new bonds, to pay for earthquake reconstruction and to help fight the strong yen. With exports falling in October, Japan hopes the spending will ensure that its economy will keep growing.
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  • Nov. 21, 2011, 3:25 AM
    Japan October trade deficit ¥273.8B ($3.56B) vs. forecast of ¥55.6B surplus. Imports +17.9%, the 22nd rise in a row; exports -3.7%, over double expectations, hurt by EU debt crisis and Thai floods. Surplus to EU ¥100.2B, the lowest for the month since 1979. (PR)
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  • Nov. 7, 2011, 3:26 AM
    Japan's debt is on course to top ¥1 quadrillion ($12.8T) - or ¥1,000T - by the end of the fiscal year next March, a report says. Debt is rising quicker than expected due to earthquake reconstruction spending and efforts to weaken the yen in the currency markets.
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  • Oct. 31, 2011, 11:45 AM
    Looking for a cheap way to play emerging markets? Try Japan, suggests Wilbur Ross, where companies trading at book are attaching "no going-concern value (and) no goodwill attached to Japan, Inc." Ross brushes away strong yen concerns, saying it's helping companies achieve strong cash flow and make cheap overseas acquisitions.
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  • Oct. 31, 2011, 8:50 AM
    The dollar settles in +3.1% vs. the yen at ¥78.19 following last night's intervention by Japan. "Massive... that's the only way to describe it," says a trader of the estimated $130B intervention. Japanese shares were unimpressed, closing -0.7% after an initial 2% spike higher on the news.
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  • Oct. 30, 2011, 11:06 PM
    A dollar spike against the yen has abated slightly after Japan steps up to intervene in trading, a move that came as the currency hit a post-WWII record against the greenback. Against the yen now: dollar +4.5%, euro +3.7%.
  • Oct. 27, 2011, 9:25 AM
    A check of the currency markets shows the dollar longs getting fried in both the "risk on" and the "risk off" currencies. Risk on: The aussie +2.8% to $1.0685 (was $0.94 3 weeks ago!). Risk off: the greenback -1.9% vs. the swiss franc to CHF 0.8640, and don't forget a new low vs. the yen. UUP -1.4% premarket.
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  • Oct. 27, 2011, 8:36 AM
    The dollar hits another post-war low vs. the yen, dropping to ¥75.66 as the market plows right through the BOJ's meek expansion of its QE program. FXY +0.6% premarket.
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  • Oct. 27, 2011, 5:02 AM
    In its twice-yearly outlook report, the BOJ reduces its economic forecasts for the current and next fiscal years due to slowing global growth, but reiterates that Japan is on track for a moderate recovery. The bank also cuts its core inflation forecasts. (PR .pdf)
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  • Oct. 27, 2011, 4:56 AM
    The BOJ keeps its overnight lending rate at 0-0.1% and expands its credit and asset-purchase programs to a total of ¥55T ($724B) from ¥50T. However, economists say the easing is too small to pull back the strengthening yen, which hit a post-war high of 75.72 to the dollar yesterday. (PR .pdf)
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  • Oct. 25, 2011, 10:34 AM
    Japanese threats about intervention may be put to the test as the dollar falls to a new post-war low vs. the yen, touching ¥75.76. It was around this level in March when a coordinated G-7 intervention fried the shorts by sending the dollar to ¥85. Since then, it's been a steady decline back and through the post-earthquake levels.
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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
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