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ProShares UltraShort Yen ETF (YCS)

- NYSEARCA
  • Mon, Apr. 27, 11:49 AM
    • The yen weakened for a few minutes following the news, but has since retaken that ground, with dollar/yen stronger by 0.15% on the session to ¥119.09. JGBs are snoring through the news as well, with the 10-years up one basis point at 0.30%.
    • Fitch keeps the outlook stable, but warns of another rating cut if: 1) Evidence that the authorities’ commitment to fiscal consolidation was weakening, such as failure to articulate a clear and credible strategy for stabilizing public debt ratios, or slippage relative to targets; 2) Weaker macroeconomic performance than Fitch expects for a sustained period, intensifying the challenge in stabilizing the public finances; 3) A sharp and sustained rise in real interest rates demanded by investors to hold government debt.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DBJP, NKY, JYN, EZJ, JPNL, EWV, YCL, HEWJ, ITF, JGBL, JPP, JGBT, JGBB, FJP
    | Comment!
  • Tue, Apr. 14, 8:22 AM
    • "120 yen per dollar is acceptable," says Koichi Hamada, a key adviser to PM Shinzo Abe, clarifying remarks he made yesterday which suggested he thought the yen was too weak.
    • He also says  he wouldn't oppose further monetary ease by the BOJ later this month as inflation is far from a worry.
    • Dollar/yen pops to ¥119.89 from ¥119.60 following his comments.
    • ETFs: FXY, YCS, JYN, YCL
    | Comment!
  • Wed, Apr. 8, 4:58 AM
    • The Bank of Japan's board has voted 8-1 to keep its asset-purchase target at ¥80T a year, rejecting a call by stimulus critic Takahide Kiuchi to slash the goal to ¥45T. (PR)
    • As in the U.S., all that money printing has caused an inflation in assets, if not in consumer goods and services, and the Nikkei rose 0.8% to 19,789.81, the highest close since April 2000. The USD-JPY is -0.4% at ¥119.87.
    • Meanwhile, Japan's current-account surplus surged to ¥1.44T ($12B) in February from ¥61.4B in January and easily beat consensus of ¥1.15T.
    • The latest figure is the highest in almost 3 1/2 years and was boosted by increased income from overseas investments and the trade deficit narrowing to ¥143.1B from ¥864.2B.
    • A main reason for the trend is a drop in oil prices, which has made imports cheaper. The weaker yen is also helping.
    • The surplus, the eighth in a row, indicates that Japan has again become a large external creditor following a series of current-account deficits at the end of 2013. (PR)
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, DFJ, JGBD, JYN, NKY, DBJP, EZJ, EWV, JPNL, YCL, DXJS, SCJ, JSC, ITF, JGBL, JPP, JGBT, HEWJ, JGBB, FJP, QJPN, JPMV, DXJT, DXJH, DXJR, DXJF, DXJC
    | 2 Comments
  • Thu, Mar. 12, 8:56 PM
    | Comment!
  • Nov. 21, 2014, 11:40 AM
    • A popular short during 2013, the yen trundled along for much of 2014, with the dollar buying between ¥102 and ¥105 until about a month ago. Since, the yen has plunged, with the dollar earlier today buying as much as ¥119. Helping was the BOJ's surprise announcement of additional asset purchase and Japan's slipping back into recession.
    • "Too fast," says Japanese Finance Minister Taro Aso. "There is no doubt about that."
    • Even Abenomics' (of which currency devaluation is a major plank) biggest supporters don't want the yen to weaken much beyond ¥120. "¥125 would make me a bit nervous," says an Abe advisor.
    • The yen did strengthen a bit on the finance minister comments, now up 0.5%, with the dollar worth ¥117.61.
    • FXY +0.35%
    • ETFs: FXY, YCS, JYN, YCL
    | 3 Comments
  • Nov. 16, 2014, 8:06 PM
    • Real GDP shrank 1.6% on an annualized basis in Q3, confounding forecasts for a 2.25% expansion - in fact, none of the economists surveyed had expected a negative print. It's the 2nd consecutive quarter of contraction - GDP fell 7.3% in Q2 following a 300 basis points boost in the sales tax which took effect on April 1.
    • The Nikkei has knee-jerked lower by 1.4% in response to the slow number, but there could be a positive spin to the news - Prime Minister Abe has said the Q3 GDP print would play a large role in whether he decides to postpone the next boost in the sales tax currently scheduled for October 2015.
    • The yen is marginally stronger vs. the dollar, which currently is buying ¥116.22.
    • ETFs: DXJ, EWJ, FXY, YCS, JYN, NKY, DBJP, EZJ, EWV, YCL, JPNL, ITF, JPP, JPNS, HEWJ, FJP
    | 25 Comments
  • Oct. 29, 2014, 2:30 PM
    • While the statement - an end to QE, retention of the "considerable time" language, chatter about improving employment -wasn't much a surprise, the fact that the dissent came from the dove camp suggests perhaps there was a bit more hawkishness in the conference room than past meetings.
    • In any case, while stocks and longer-dated rates have a relatively subdued reaction, money is moving into the greenback (UUP +0.7%), with the euro (FXE -0.7%), yen (FXY -0.7%), pound (FXB -0.2%), Swiss franc (FXF -0.6%), loonie (FXC -0.4%), and aussie (FXA -0.6%) all considerably lower than they were 30 minutes ago.
    • ETFs: FXE, UUP, FXY, EUO, FXA, YCS, UDN, ERO, JYN, DRR, CROC, FORX, UUPT, UDNT, YCL, EUFX, ULE, USDU, URR, GDAY
    • Previously: QE ends, "considerable time" language stays for now
    | Comment!
  • Oct. 17, 2014, 3:41 AM
    • Asian stocks trade mixed as a 14-year low in U.S. weekly jobless claims and talk of the Fed possibly extending QE helps provide balance to concerns about a possible recession and deflation in Europe, the Ebola scare, China's slowdown, and Japan's floundering economy.
    • The Nikkei closes -1.4% while Japanese bond prices rise, with the two-year yield dropping 3.6 bps to a record low of 0.005%.
    • "We need to see a period of better data from the U.S., and especially Europe, for markets to really calm and volatility to cool," says market strategist Chris Weston.
    • Nymex crude is +0.2% to $82.86 and Brent is +0.1% to $85.89, but the latter is still headed for a fourth consecutive weekly loss.
    • Hong Kong +0.4%, China -0.65%, India +0.25%.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, DFJ, JGBD, JYN, NKY, DBJP, EZJ, EWV, YCL, DXJS, SCJ, JPNL, JSC, ITF, JGBL, JPP, JGBT, JPNS, HEWJ, JGBB, FJP, QJPN, JPMV, DXJT, DXJR, DXJH, DXJF, DXJC
    | Comment!
  • Oct. 2, 2014, 7:18 AM
    • The Nikkei had its worst day in seven months overnight, plunging 2.6% following the ugly session in the States. Plunging itself for a few weeks now, the yen (NYSEARCA:FXY) put in a positive session, rising 0.25% vs. the dollar to ¥108/63.
    • ETFs: DXJ, EWJ, FXY, YCS, JYN, NKY, DBJP, EZJ, EWV, YCL, JPNL, ITF, JPP, JPNS, HEWJ, FJP
    | 2 Comments
  • Aug. 8, 2014, 7:19 AM
    • The Nikkei capped a tough week, falling 3% overnight with Obama's ordering of airstrikes in Northern Iraq a convenient excuse for the decline.
    • Today's session also happens to be the busiest earnings report day of the season and Nikon Corp. tumbled 9.4% after lower full-year guidance, Taiyo Yuden dove 8.9% after cutting its outlook, and Nisshin Steel plunged 9.8% after profit fell 99%.
    • The BOJ maintained its pledge to boost the monetary base by ¥60T-¥70T.
    • The dollar is weaker vs. the yen by 0.25%, with dollar/yen down to ¥101.83.
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, DXJS, JPNL, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJT, JPMV, QJPN, DXJH, DXJR, DXJF, DXJC, FXY, YCS, JYN, YCL
    | Comment!
  • Jul. 18, 2014, 2:51 AM
    • Japanese shares fell to a one-week low today and dropped to their largest one-day fall in three weeks after investors turned risk averse due to the downed Malaysian Airlines passenger jet shot down over Ukraine's eastern border.
    • The Nikkei sank 1% to 15,215.71, its lowest close since July 11. The index also fell 1.7% at one point during Friday's trading.
    • The Topix shed 0.8% to 1,263.29 at the close of trading in Tokyo. JPX-Nikkei Index 400 dropped 0.7% to 11,505.50.
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJH, DXJR, DXJF, DXJC, DXJT, FXY, YCS, JYN, YCL
    | 5 Comments
  • Jun. 17, 2014, 4:09 AM
    • Japanese shares rose today, with the Nikkei climbing 0.3% to 14975.97, after dropping 1.1% on Monday, although trading volume hit its two month low amid escalating tensions in the Middle East and Ukraine.
    • The Topix rose 0.3% to 1,238.20 at the close of trading in Tokyo, with 1.68B shares changing hands. JPX-Nikkei Index 400 also ended up 0.3% at 11,275.02.
    • Dollar/yen slid back 0.1% to ¥101.91, after rising 0.2% yesterday.
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJH, DXJR, DXJF, DXJC, DXJTFXY, YCS, JYN, YCL
    | 2 Comments
  • Jun. 2, 2014, 7:56 AM
    • The Government Pension Investment Fund should announce a reshuffling of assets in which, predicts Nomura, it would sell as much as $200B in domestic bonds to buy overseas assets. The team at Nomura sees the move as weakening the yen about about 10%.
    • If done at the right time, says Mitsubishi UFJ's Daisaku Ueno, dollar-yen could top ¥110 this year (¥102 at the moment).
    • A Bloomberg survey sees the fund cutting its local bond holding from 60% to 40%, and boosting its targets for foreign stocks to 17% and 14% (from 12% and 11%, respectively).
    • The Nikkei closed 2.1% higher overnight.
    • ETFs: DXJ, EWJ, FXY, YCS, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJT, DXJH, DXJC, DXJR, DXJF
    | 1 Comment
  • May. 22, 2014, 8:28 AM
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  • Mar. 19, 2014, 3:39 PM
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  • Mar. 14, 2014, 3:10 AM
    • The Nikkei leads Asian stocks lower following more weak Chinese economic data yesterday and amid increased tension in Ukraine, with the Japanese index slumping 3.3%. A sharp rise in the yen overnight didn't help matters.
    • "Japan stocks often take the first hit on bad Asian news, then when the U.S. markets fall later, they react to that as well, resulting in a 'double whammy' effect," says hedge-fund manager Ed Rogers.
    • Hong Kong shares are also suffering as the Hang Seng drops 0.9% and heads for its worst week since May 2012.
    • Elsewhere in Asia, China -0.8% and Indian -0.9%.
    • Meanwhile, Japanese industrial production rose 3.8% on month vs a prior estimate of +4%.
    • On year, output +10.3% vs +10.6%.
    • Capacity utilization +5.9% vs +2.2%.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, JYN, NKY, DBJP, EZJ, EWV, YCL, JPNL, ITF, JGBL, JPP, JGBT, JPNS, JGBB, HEWJ, FJP, EWH, EWHS, FCHI, FHK
    | Comment!
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YCS Description
ProShares UltraShort Yen seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the U.S. Dollar price of the Yen.
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Country: Japan
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