CurrencyShares Japanese Yen Trust

  • Yen Set to Weaken as G7 Avoids Currency Comments

    By Richard Cox - May 24, 2013 | Tickers: FXY, SNE, TM

    Markets took note of some glaring omissions after the G7 wrapped up its May meeting in Aylesbury, England.  While the finance ministers of each of the seven member nations did address the need for banking reforms and tougher crackdowns on tax evasion, little was said in the way of currency issues.  This came as a surprise to large sections of the market, as growing concerns that central bank activity is more »

  • Euro is a Buy After ECB Rate Decision

    By Richard Cox - May 10, 2013 | Tickers: FXE, FXY, UUP

    At its May meeting, the European Central Bank elected to reduce its benchmark interest rate from 0.75% to a record low of 0.50% in an attempt to support a deteriorating economy experiencing drop-offs in many key economic indicators.  The macro declines seen in the Euro-area have not been altogether surprising given the early year changes in Eurozone GDP expectations, and this month’s interest rate decision was not more »

  • Yamaha’s Dirt Cheap Bike Just the Beginning of its Changes

    By Peter Pham - May 1, 2013 | Tickers: FXY, HMC, ICN

    Yamaha (NASDAQOTH:YAMCY) has begun work on the world’s cheapest motorcycle in India. The bikes will be priced at $500 US dollars. There has not been any launch date set as of yet. Yamaha’s new facility, Motor Research and Development India Pvt. Ltd (YMRI) established in Surajpur in Uttar Pradesh in February this year is working to its full capacity in order to manufacture the bike to be more »

  • Gold’s Drop Creates Historic Demand for Gold in India

    By Peter Pham - April 29, 2013 | Tickers: FXY, GLD, ICN

    The recent crash in gold--tracked by the SPDR Gold Shares ETF (NYSEMKT: GLD)--prices has brought smiles to the faces of many Indians. Buying gold is more than just tradition in India, and the centuries-old custom of Indians to rely on the yellow to safeguard their wealth from generation to generation is undeniable. Anyone who follows gold knows that the Indian demand on the physical market is one of the more »

  • Forex Is Back: What Should You Do?

    By Federico Zaldua - April 21, 2013 | Tickers: FXB, FXY, UUPT, UUP

    Central Banks from the US to Japan are making exchange rates fluctuate with increasing volatility. European economic woes, Japanese and American aggressive quantitative easing programs and choppy commodity markets are making currencies an interesting investment theme.
     
    I am not the only one holding this view on currencies. According to the Financial Times, "After long months in the dark, currencies are coming back into the light. Investors have flocked back to more »
  • Forex Is Back. What Should You Do?

    By Federico Zaldua - April 18, 2013 | Tickers: FXB, FXY, UUPT, UUP

    Central Banks from the US to Japan are making exchange rates fluctuate with increasing volatility. European economic woes, Japanese and American aggressive quantitative easing programs and choppy commodity markets are making currencies an interesting investment theme.
     
    I am not the only one holding this view on currencies. According to the Financial Times "After long months in the dark, currencies are coming back into the light. Investors have flocked back to more »
  • Aflac: High-Risk With Long-Term Optimism

    By Zach Carvalho - April 8, 2013 | Tickers: AFL, FXY

    Sales Growth

    Aflac (NYSE: AFL) has seen continued growth in their Japanese sales force primarily driven by internal agency growth. Since 2010 the number of sales agencies contracting with Aflac has held a range between 19,300 and 20,000; however, the number of agents employed by these agencies has grown 13% over the same period representative of the growth in agents per agency to 6.50 in 2012 from more »

  • Election Jitters Have QE on Hold?

    By Peter Pham - November 13, 2012 | Tickers: FXE, FXY, GLD

    If the U.S. President is truly the leader of the free world, if not the world itself, then the pronouncements of any U.S. Presidential candidate has to be taken seriously.  Mitt Romney’s statement that he would fire Ben Bernanke if elected could be seen, along with choosing Paul Ryan as his running mate, as a way to assuage the ‘Ron Paul Right’ portion of the Republican Party more »

  • Reports of Japan’s Death are Premature

    By Peter Pham - August 15, 2012 | Tickers: FXY, HMC, TM

    In recent months it has been very fashionable to look at Japan’s demographics and level of public debt and conclude that the end is nigh.  All it will take is a little nudge and sayonara goes the once great Asian tiger.  The latest iteration of this story is that the strong yen is going to drive what is left of Japan’s export economy over a cliff.  This will more »

  • Strong Dollar Weighs on McDonald's

    By Peter Pham - July 28, 2012 | Tickers: FXY, JJA, MCD, YUM

    Back out the extremely strong U.S. dollar and not just versus the Euro in the past 5 months and the results from Q2 2012 from fast-food giant McDonald’s (NYSE: MCD) were very good.  According to the financials the strength of the greenback accounted for $0.07 loss in earnings turning a $0.03 miss into a $0.04 gain.  Now, of course, a multinational like McDonald’s has more »

  • Gold's Time is Coming

    By Peter Pham - June 29, 2012 | Tickers: FXE, FXY, GLD

    Since the peak last September when Federal Reserve monetary policy turned on a dime and the wind was taken out of its sales, gold has been in a difficult position in relation to the U.S. Dollar. The drama in the E.U. coupled with whipsawing Fed policy has caused violent shifts in the gold price but with a bearish bent.  Rallies have been sold with extreme prejudice at every more »

  • The Energy Knot

    By Peter Pham - June 20, 2012 | Tickers: FXY, NKY, IPW, BNO

    To say it’s been a challenging 15 months for Japan’s energy sector would be to engage in the very highest form of understatement.  First the tragedy over Fukishima and then the ramping up of war rhetoric over Iran’s nuclear program by the U.S. and Israel have made the first year of Prime Minister Noda’s tenure a near nightmare.

    On Friday he announced that the first more »

  • Can Asia Rejuvenate the World Economy?

    By Peter Pham - June 12, 2012 | Tickers: FXY, EWM, VNM, TBT

    This is the $41 trillion dollar question now isn’t it?  China cut their benchmark lending rate for the first time in 4 years on Thursday and now everyone is asking whether that will be the trend which will begin to stabilize the world economy.  In Barron’s latest heavy-hitter roundtable Bill Gross of PIMCO pointed out that policy makers in the U.S. are at the end of their more »

  • Marco Pivot Point

    By Peter Pham - June 4, 2012 | Tickers: FXY, TLT, NKY, BNO | Editor's Choice

    There are a number of advantages to having a strong currency but short-term export growth is not one of them.  Japan is at an interesting crossroads as the events in Europe play out.  The strong appreciation of the Yen versus both the U.S. Dollar and the Euro is obviously making it difficult for Japan to goose net exports via currency devaluation.   So far they have resisted further easing to more »

  • The Swiss Canary in the European Coal Mine

    By Peter Pham - June 1, 2012 | Tickers: FXY, FXF, TLT

    Since instituting a peg to the Euro of €1.20 to 1 in August of 2011, The CurrencyShares Swiss Franc ETF (NYSEMKT: FXF) has lost 37%.  The Swiss Franc has also lost 31% versus the Japanese Yen.  The Swiss were the first to blink in the game of chicken in who will print first to stave off the debt deflation emanating from the periphery of the Eurozone.  But, the Swiss more »

  • Yen Strength Creates Large Ripples

    By Peter Pham - June 1, 2012 | Tickers: FXY, UUP, TM

    On the heels of the news that China and Japan have agreed to openly trade Yuan and Yen comes the news that China is actively involved in buying up distressed Spanish assets.  State Grid Corp. is going to buy high voltage transmission assets in Brazil from Spain’s Actividades de Construccion y Servicios for $938 million.  This is just one example of how the deflationary spiral of the European periphery more »

  • Currency Wars Heat Up

    By Peter Pham - May 29, 2012 | Tickers: CME 130518C00060000, FXY, ICE, GLD | Editor's Choice

    I don’t know about you but to me events seem to be accelerating as we hurtle along toward what feels like another crisis point.  These are historic times we are living through as the global monetary system undergoes realignment.  The last time something like this happened World Wars I and II were fought and the global banking system moved its center from London to New York.

    Some of the more »

  • The Yen's Relation to the Macroeconomic Climate

    By George Liu - March 21, 2012 | Tickers: FXY, NSANY.PK, VIXM, TM | Editor's Choice

    Recently, the Japanese yen has been significantly weakened, especially against the dollar. The dollar/yen has been rising since February and is hovering at an 11-month high of ¥83.71, a level not seen since April 2011. In fact, the dollar/yen has soared from approximately ¥76 in February to current levels, a move which has been noted as the "best one-way trade of the year."

    There are a plethora more »

  • Japan to Outperform the U.S. in 2012?

    By Michael Gayed - January 24, 2012 | Tickers: FXY, TLT, EWJ, IVV, TBT

    “The real glory is being knocked to your knees and then coming back. That's real glory. That's the essence of it.” - Vince Lombardi

    I've been focusing more and more attention on Japan lately as the Nikkei appears to be recovering and as animal spirits return to equity markets. There appears to be a growing possibility that the markets are moving away from “risk-off” investments and into investments more »