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Trading the U.S. Unemployment Claims With Dollar/YenYohay Elam • Fri, Apr 15, 2011 -
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S&P 500 Vs. Japanese YenBespoke Investment Group • Wed, Jun 12 -
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What's To Disrupt This Forex Day Off?Dean Popplewell • Mon, May 27 -
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Yen Below 100 To Benefit Japanese Export StocksRichard Cox • Mon, May 13 -
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Forex: Tales From The Currency WarFXstreet • Sun, Apr 14 -
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BoJ Drags USD/JPY Screaming HigherDean Popplewell • Fri, Apr 5
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There are no Transcripts on JYN.
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at MarketWatch.com (Jun 18, 2010)
JYN vs. ETF Alternatives
JYN Description
The U.S. dollar/Japanese yen exchange rate is a foreign exchange spot rate that measures the relative values of two currencies, the Japanese yen and the U.S. dollar. When the Japanese yen appreciates relative to the U.S. dollar, the U.S. dollar/Japanese yen exchange rate decreases, the JPY/USD exchange rate increases and the value of the Securities increases; when the Japanese yen depreciates relative to the U.S. dollar, the U.S. dollar/Japanese yen exchange rate increases, the JPY/USD exchange rate decreases and the value of the Securities decreases. The JPY/USD exchange rate is determined by dividing one by the U.S. dollar/Japanese yen exchange rate and truncating the quotient to ten decimal places. Effective December 18, 2008 the U.S. dollar/Japanese yen exchange rate will be the rate reported each day on Bloomberg screen USDJPY WMCO Curncy <GO> at approximately 4:00 p.m., London time, or any successor page.
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Country: Japan
Key Info
- In Your Portfolio: A Guide to Currency ETFs and ETNs
- Asset Class Performance: Currencies
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- | On the move
- Monday, June 17, 3:59 AM Asian shares rise ahead of the FOMC's latest meeting this week, with tepid economic data in the U.S. on Friday perhaps convincing investors that the Fed won't announce an early change to its $85B-a-month bond-buying program. Japanese stocks increase sharply for a second consecutive session, boosted by bargain-hunting following the recent sell-off and the weakening yen. Japan +2.7%, Hong Kong +1.1%, China -0.3%, India +0.4%. Dollar-yen (FXY) +0.8% at $95.02. Comment! [Global & FX, Top Stories, On the Move]
- Thursday, June 13, 2:50 AM While the Nikkei plummets, the yen (FXY) soars. The dollar-yen rate is -2.1% at $94.05, with the drop in shares prompting a clean-out of long dollar positions. Hedge funds selling assets for cash ahead of their half-year book closing have exacerbated the movements. Still, JGBs seem to be fairy stable, with the 10-year yield -2 bps at 2.72%. Comment! [Global & FX, Top Stories, On the Move]
- Tuesday, June 11, 2:55 PM The yen (FXY +2.9%) spikes higher, bringing dollar/yen back below ¥96 amid rumors of busted carry trades and hedge fund liquidations. Should today's move be sustained, it would be the largest single-day drop for the pair since the 2010 flash crash. BofA's MacNeil Curry suggests the next stop in ¥91. Japan stock ETFs take it hard: The iShares Japan Fund (EWJ -2%), WisdomTree's Hedged Equity Fund (DXJ -4.9%). 1 Comment [Global & FX]
- Monday, June 10, 3:56 AM The Nikkei (NKY) continued with its wild ways today, surging 4.9% after Japanese Q1 GDP growth was revised upwards, and U.S. jobs data came in just right (not too good, not too bad) and helped boost the dollar vs the yen. Hong Kong +0.2%, China closed, India +0.1%. USD-JPY (FXY) +0.9%. 2 Comments [Global & FX, Top Stories, On the Move]
- Friday, June 7, 7:14 AM Long Nikkei, short yen continues to unwind with investors in 2013's most popular trade all hitting the exit at the same time. The yen's up another 1.6%, with dollar/yen at ¥95.47 and erasing more than 2 months worth of gains in the last few sessions. FXY +1.3% premarket. The Nikkei tumbled another 1.8% overnight and has also erased 2 months worth of gains. DXJ -2.3% premarket. Earlier: Japan's government pension fund confirms it's cutting JGB exposure and increasing equity holdings. 1 Comment [Global & FX]
- Tuesday, June 4, 12:31 PM "Current conditions represent a buying opportunity for bonds (TLT, LQD) says Jeff Gundlach, appearing on CNBC. Higher interest rates will prove too damaging to certain sectors and he expects the 10-year Treasury - currently at 2.13% - to head back below 2% into the summer and fall. Nikkei (EWJ, DXJ)? In the mid-12s, it's a buying opportunity. Apple (AAPL)? He was a buyer in the low $400s and $500 is a chip shot, but it may never see $700. Chipotle (CMG)? He never got filled on his short at $380, but would give it a shot again. 9 Comments
- Friday, May 31, 10:56 AM The yen (FXY) snoozes through an IMF warning over its devaluation, the agency saying the decline may have gone too far. The yen's current level, says the IMF's David Lipton, has left it "slightly below" where fundamentals say it should be. By itself, it's not much of an issue he adds, as long as accompanied by promised fiscal and structural reforms. 1 Comment [Global & FX]
- Friday, May 31, 7:36 AM A rare bird is spotted in Japan ... price hikes. With the weakening yen (FXY) starting to hit profits, Apple bumps the prices of iPads and iPods. The company joins Tiffany, Miele, and Volkswagon who also increased prices recently. 10-year JGB yields continue under 1%, off 4 bps overnight to 0.85%. 2 Comments [Global & FX]
- Thursday, May 30, 3:47 PM Causing a quick move higher in the yen and (it's all connected) a few points to come out of stocks is a Nikkei story reporting Tokyo's plans for new rules on forex trading - "intended to protect investors and limit scope for speculation." Firms will be required to settle trades even when traders are ahead, with the fine for a violation as much as ¥100M. FXY +0.5%, DJIA (DIA +0.3%) is up 52 points vs. closer to 90 minutes ago. 2 Comments [Global & FX]
- Wednesday, May 29, 7:28 AM Skittishness in the markets has the yen (FXY) resuming gains against the dollar, with dollar/yen sliding 1.2% to ¥101.13. After a couple of frightening plunges in the past few sessions, the Nikkei took the yen's gain rather well, falling just 0.9% to 14,189. EWJ -1.7%, DXJ -1.5% premarket. Action to eye: The JGB market as the 10-year yield carves out a new Y/Y high, up 4 bps to 0.93% 2 Comments [Global & FX]
- Friday, May 24, 3:41 AM The yen is higher vs the dollar as volatility in the currency markets somewhat echo the gyrations in Japanese stock markets. Bank of Japan Governor Haruhiko Kuroda says that the BOJ has no set target for the yen and that stability in Japanese debt market is "extremely desirable." His comments follow the extreme instability yesterday, when 10-year JGB yields rose as high as 1%, prompting the BOJ to step in with a fund-supplying operation. Dollar -0.5% at -¥101.54. Comment! [Global & FX, Top Stories]
- Thursday, May 23, 9:07 PM A rebound in Tokyo sees the Nikkei (EWJ) gaining 3% in early action following yesterday's 7% dive. A weaker yen (FXY) is helping, dollar/yen gaining 0.4% to ¥102.37. 7 Comments [Global & FX]
- Tuesday, May 21, 11:38 AM In case anyone was curious, Kyle Bass continues to bet on a full-blown Japanese currency (FXY) and government debt (JGBT, JGBL, JGBS, JGBD) crisis. "This gross vs. net argument is just silly," says Bass alluding to large official and other domestic holdings of JGBs. "If they go to try and sell any of those assets, it will create a panic." Bass commissioned a poll of Japanese investors asking their reaction if the government asked them to buy JGBs amid a crisis: 8% said they would buy, 83% said they would "run, not walk" from the paper. 2 Comments [Global & FX]
- Monday, May 20, 11:27 AM Silver's (SLV -0.6%) 9% plunge in the first minutes of trading overnight is being linked to hawkish talk from Japanese Economy Minister Akira Amari who warned the yen's (FXY +0.7%) fast decline may be hurting the economy. One fails to see the connection but dollar/yen did dive along with silver and Andrew Wilkinson suggests hedge funds short the yen were forced to raise cash by bailing on stale silver longs. 11 Comments [Commodities, On the Move]
- Friday, May 17, 3:46 PM The yen (FXY -0.9%) legs down to a new multi-year low - the dollar now buying ¥103.24 - continuing a truly remarkable move since late last year. It's an instance where politicians told you they were going to devalue, every trader and strategist around told you they were shorting the yen, and sure enough the yen went down ... hard, and in as straight of a line as markets ever allow. Ah, if it were always that easy. Other ETFs: JYN, YCL, YCN. 4 Comments [Global & FX, On the Move]
- Friday, May 17, 7:29 AM Copy the Goldman aussie forecast to the yen - its quick tumble also forcing the team to revise lower its already bearish forecasts. The analysts now see the dollar buying ¥110 twelve months out vs. ¥105 previously. The yen's (FXY) marginally stronger this morning, the dollar buying ¥102.40. Comment! [Global & FX]
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ETFdesk
WaysToPlay: Japan Deflation Battle to Push Yen Lower Versus Rivals http://bit.ly/c8Kdnt $FXY $YCS $JYN #YEN #ETF #MKT #FOREX - View all 0 replies
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ETFdesk
WaysToPlay: Japanese private investors take record bets against yen http://bit.ly/dkPmPk $FXY $$JYN $YCS #ETF #MKT #Forex #Yen - View all 0 replies
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