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CurrencyShares Japanese Yen Trust ETF (FXY)

  • 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)
    | Feb. 14, 2012, 1:59 AM | 7 Comments
  • 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.
    | Feb. 12, 2012, 7:09 PM | 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.
    | Feb. 8, 2012, 10:46 AM | Comment!
  • 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.
    | Feb. 2, 2012, 7:47 AM | 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)
    | Jan. 31, 2012, 2:59 AM | Comment!
  • 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."
    | Jan. 24, 2012, 2:56 PM | 1 Comment
  • Jan. 24, 2012, 8:38 AM
    The yen is making a sizable move lower - usually the sort of decline that only comes when Japan intervenes overnight to weaken it. A catalyst could be the realization that the continually strong currency has ended an era of trade surpluses. Dollar/yen +1% to ¥77.70.
    | Jan. 24, 2012, 8:38 AM | Comment!
  • Jan. 24, 2012, 2:10 AM
    The Bank of Japan cuts its growth outlook for FY 2012 to +2% from an October estimate of +2.2%, reflecting heightened concern about the impact of the eurozone crisis and a strong yen. No change to the bank's interest rate policy. Consumer prices still expected to rise 0.1%.
    | Jan. 24, 2012, 2:10 AM | 1 Comment
  • Jan. 19, 2012, 3:52 PM
    Instead of complaining about the strong yen, companies should take advantage by making overseas investments and scooping up natural resources, says economy minister Yukio Edano. Data suggest Japanese companies are moving in that direction, investing $69.5B overseas in 2011, double the amount in 2010, but still less than $74.2B in 2008.
    | Jan. 19, 2012, 3:52 PM | 1 Comment
  • Jan. 18, 2012, 7:01 AM
    Pushing his government's plan for a doubling of the consumption tax, Japan finmin Azumi says an EU-style debt crisis is not out of the question for his nation. "There are times when (interest rates) increase suddenly and that can threaten the political system of a country."
    | Jan. 18, 2012, 7:01 AM | Comment!
  • 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.
    | Jan. 18, 2012, 3:45 AM | Comment!
  • 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. 30, 2011, 12:38 PM | 5 Comments
  • 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.
    | Dec. 27, 2011, 2:08 AM | Comment!
  • 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.
    | Dec. 27, 2011, 1:55 AM | Comment!
  • 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. 25, 2011, 1:04 PM | 4 Comments
  • 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)
    | Dec. 21, 2011, 2:46 AM | Comment!
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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