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CurrencyShares Japanese Yen Trust ETF (FXY)

  • Jan. 18, 2012, 3:45 AM
    Fujifilm joins a growing chorus of Japanese firms calling for a Swiss-style cap on the yen, as the yen's strength has been eroding companies' profits. Japan finmin Jun Azumi says it would be very difficult to set an upper limit for the currency given the vast supply of yen in global markets.
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  • Dec. 30, 2011, 12:38 PM
    With trading desks barely staffed, someone has decided to run some stops in the currency market. The greenback takes a plunge over the past couple of hours against nearly every major currency, but particularly vs. the yen, the aussie, and the kiwi. The yen has now regained nearly all the ground lost when Japan intervened in late October to weaken it.
  • Dec. 27, 2011, 2:08 AM
    Japan is poised to unveil a currency-swap line with India, following Japan's currency agreement with China earlier this week. The swap line will probably be around $10B.
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  • Dec. 27, 2011, 1:55 AM
    Minutes (.pdf) from the recent BoJ meeting show a "few" board members were concerned about the possibility "downside risks to the economy had increased somewhat since the previous meeting," mostly in light of the eurozone's debt crisis and the yen's appreciation. The report didn't specify how many members shared that view.
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  • Dec. 25, 2011, 1:04 PM
    Japan and China will promote direct trading of yen and yuan without using dollars, Japan said today, and will encourage the development of a market for the exchange to cut the cost for companies. It's part of a broad and innovative package of financial agreements designed to tighten ties between the two giants.
  • Dec. 21, 2011, 2:46 AM
    Pointing to "recent developments in global money markets and their potential repercussions on liquidity conditions in the yen money market," the Bank of Japan announces the establishment of temporary bilateral liquidity swap arrangements with Bank of Canada, BoE, ECB, SNB and the Fed. Dollar -0.15% vs. yen. (.pdf)
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  • 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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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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