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CurrencyShares Japanese Yen Trust ETF (FXY)

  • 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).
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  • 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.
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  • 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.
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  • 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.
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  • 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.”
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  • Jun. 9, 2011, 5:10 AM
    Japan's latest GDP figures show the economy shrank an annualized real 3.5% in Q1, a smidge better than preliminary estimates of -3.7%. On a quarterly basis, GDP was unrevised at -0.9% as household and business spending remained weak.
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  • Jun. 6, 2011, 8:07 AM
    The likelihood that Japan will again change prime minister is negative for its rating, Moody's says. With Japan's past four prime ministers lasting an average of under a year, more change could delay the fiscal programs needed to recover from the earthquake.
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  • Jun. 3, 2011, 9:36 AM
    The yen pops, now looking to test the key ¥80 level. It was a quick dive below ¥80 following the March quake that set off a coordinated G8 intervention, sharply weakening the yen and sending world stocks flying. Both shares and the yen have returned to near pre-intervention levels.
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  • May. 31, 2011, 4:58 AM
    Some less than encouraging data out of Japan this morning: unemployment edged up for the first time in six months (to 4.7% from 4.6%) and auto production fell 60% in April Y/Y because of supply disruptions. More promisingly, industrial production rose 1% in April after a record 15.5% fall in March.
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  • May. 31, 2011, 4:45 AM
    Moody's will review Japan's credit rating for possible downgrade, pointing to "heightened concern" the country's won't be able to achieve a credible deficit reduction goal, especially as the economic toll of the March 11 earthquake has been more severe than anticipated.
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  • May. 27, 2011, 11:21 AM
    The dollar is down solidly across the board, particularly vs. the Swiss franc, where the greenback has fallen to a new all-time low. Chatter is on the rise that rate hikes could begin in Switzerland as soon as June. FXF +1.5%, UUP -0.8%.
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  • May. 18, 2011, 4:38 PM
    Goldman's Thomas Stolper renews his call for dollar weakness, raising his estimate for the euro to $1.55 within a year. Until manufacturing picks up and the trade deficit comes more into balance, the path for the greenback will be lower. The main risk to his forecast: "asset weakness," i.e. the "risk off" trade would give the dollar a powerful bid.
  • May. 13, 2011, 9:47 AM
    "When you look at Japan, they'll sell more adult diapers than kids diapers by 2013." - Kyle Bass, on why he's betting against Japan
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  • May. 13, 2011, 9:07 AM
    His economy contracting, currency strong, and bond yields near 1%, BOJ Gov. Shirakawa's biggest worry is higher prices. Of the central bank underwriting government borrowing, he says, "there may be no problems at first, but it would lead to a limitless expansion of currency issuance (and) spur sharp inflation."
  • May. 12, 2011, 10:58 AM
    "As CFO, you can’t go on at 80 yen. I feel that the circumstances have gone beyond the level that a single company can handle," says Toyota's Satoshi Ozawa, explaining in a few words why those long yen could wake up to a surprise one morning. FXY +0.3%.
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  • May. 9, 2011, 2:17 PM
    Despite the yen's rise close to levels which prompted intervention in March, such action looks less likely now. So far, Japanese officials have made it clear they believe current conditions are different, calling the recent move a sign of dollar weakness, not yen strength. Dollar/yen -0.3% at ¥80.36.
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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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