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CurrencyShares Japanese Yen Trust ETF (FXY)

  • Jul. 29, 2011, 8:45 AM
    A flat dollar index following the GDP report belies big action in currencies as the dollar plummets to new record lows vs. the swiss franc and (effectively) the yen. However - remember your correlations - the greenback rises sharply vs. the loonie and aussie.
    | Jul. 29, 2011, 8:45 AM | 1 Comment
  • Jul. 28, 2011, 3:29 PM
    Japanese executives use the occasion of earnings releases to warn about the yen - still hanging at all-time highs vs. the dollar. "There are questions over whether it's possible to keep production in Japan," says Toshiba's EVP, "improvement in production systems can't keep up (with yen strength)."
    | Jul. 28, 2011, 3:29 PM | Comment!
  • Jul. 26, 2011, 11:51 AM
    Japan officialdom begins to weigh in on the yen's strength (continuing near all-time highs vs. the dollar), as pressure mounts to act. Hiromasa Yonekura, chief of Japan's largest business lobby, calls for the government to "take appropriate steps in a timely fashion," and newspaper editorial pages are calling for intervention. FXY +0.4%.
    | Jul. 26, 2011, 11:51 AM | Comment!
  • Jul. 26, 2011, 7:55 AM
    With the greenback getting hammered across the globe, conventional wisdom has the reason being worries about a U.S. default/downgrade. However dollar-based assets - equities and bonds -  are doing just fine. An alternative explanation: a Goldman report saying inflation be damned, economic weakness is about to bring more QE.
    | Jul. 26, 2011, 7:55 AM | Comment!
  • Jul. 24, 2011, 5:50 AM
    Japan reportedly plans to issue ¥10T ($128B) in reconstruction bonds and to cut spending by ¥3T to pay for more projects to rebuild the earthquake-devastated northeast. The government has already set aside ¥6T for the purpose.
    | Jul. 24, 2011, 5:50 AM | Comment!
  • Jul. 21, 2011, 5:25 PM
    One more look at the yen which continues to power ahead (previous), with dollar/yen at ¥78.26, more a less an all-time low. With Greece safely swept aside for the moment, look for dollar/yen to be the next major issue of financial concern (not forgetting the debt ceiling debate).
    | Jul. 21, 2011, 5:25 PM | 2 Comments
  • Jul. 21, 2011, 11:05 AM
    Japan looks to be getting back on track, with exports falling a less-than-expected 1.6% Y/Y in June. This helped the country unexpectedly post a trade surplus of ¥70.7B ($898M), the first in three months.
    | Jul. 21, 2011, 11:05 AM | Comment!
  • Jul. 21, 2011, 10:03 AM
    What's up with the yen? Supposedly one of the go-to assets in times of risk aversion, the currency is moving higher even as the financial world seems saved for the moment. At ¥78.59, it's near an all-time high vs. the greenback, a level sure to draw protest from Japanese exporters, if not intervention by the government.
    | Jul. 21, 2011, 10:03 AM | Comment!
  • Jul. 20, 2011, 8:23 AM
    A bit of a switch from the BOJ party line, deputy governor Yamaguchi pledges "decisive" policy action should Europe's debt issue spill over to damage the Japanese asset markets or boost the yen. Currency traders are unfazed, pushing the yen back up to a ¥78 handle vs. the greenback.
    | Jul. 20, 2011, 8:23 AM | Comment!
  • Jul. 19, 2011, 10:39 AM
    "Tax hikes at this point are not acceptable," says Sumio Mabuchi, a possible candidate for Japan's next PM. Mr Mabuchi wants to push to the back burner any talk of fiscal reform, instead calling for the government to spend money and the BOJ to print yen as necessary.
    | Jul. 19, 2011, 10:39 AM | 1 Comment
  • Jul. 13, 2011, 4:20 PM
    After an intervention scare yesterday evening sent the yen plummeting for a few hours, it has returned back to a ¥78 handle. In Europe, the Swiss franc is also at extreme levels vs. both the euro and the greenback. Exporters are feeling the pain and politicians the pressure. It seems only a matter of time until one or more interventions.
    | Jul. 13, 2011, 4:20 PM | Comment!
  • Jul. 12, 2011, 5:31 PM
    With many eyes focused on the machinations of the euro, the yen has quietly moved to a multi-month high, and near all-time highs vs. the greenback. At ¥78.78, it's a level thought to strangle Japanese exporters and has often led to currency interventions - most recently, the coordinated action in March (worked for about 3 weeks).
    | Jul. 12, 2011, 5:31 PM | Comment!
  • Jul. 7, 2011, 8:17 AM
    With the yen seemingly locked in a tight trading range of ¥80-82, plummeting option volatilities suggest the sort of market complacency seen before a big move. That move could be a sharply lower yen (¥80 moving higher) argues Nick Hastings. The reason: the economic recovery is about to take a hit from electricity shortages.
    | Jul. 7, 2011, 8:17 AM | Comment!
  • Jul. 1, 2011, 7:53 AM
    Core CPI in Japan came in above expectations at 0.6% in May, which is encouraging for a country that has suffered years of deflation and suggests domestic demand may be rebounding. Japan's jobless figure was also better than expected, falling to 4.5% from 4.7% in April.
    | Jul. 1, 2011, 7:53 AM | 1 Comment
  • Jun. 14, 2011, 12:24 PM
    A hint that the Japanese recovery could go slower than expected: Safe maker Eiko notes sales jumped 40% after the earthquake and tsunami, suggesting that consumers there may stick to centuries-old "tansu yokin" - mattress money - and keep even more cash at home instead of spending. Hundreds of safes recovered in the devastation contained about ¥1M ($12,418) each.
    | Jun. 14, 2011, 12:24 PM | 1 Comment
  • Jun. 14, 2011, 2:13 AM
    BoJ keeps its key rate unchanged at 0-0.1%, but expands its lending facility for growth industries. It also slightly raises its economic outlook, saying "Japan’s economy continues to face downward pressure, mainly on the production side due to the effects of the earthquake disaster, but is showing some signs of picking up.”
    | Jun. 14, 2011, 2:13 AM | 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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