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CurrencyShares Japanese Yen Trust ETF (FXY)

  • 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.
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  • 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.
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  • 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.
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  • 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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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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