|Bid||57.19 x 1000|
|Ask||57.28 x 2200|
|Day's Range||57.20 - 57.34|
|52 Week Range||56.41 - 70.78|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.84|
|Expense Ratio (net)||0.48%|
The Bank of Japan has been propping up the Japanese equity market as part of its aggressive quantitative easing program, but the central bank has quietly pulled back support, potentially fueling greater volatility in the country-related exchange traded funds. The BOJ has been buying alternative index-based funds. The central bank has acquired Japan-listed ETFs that track the JPX-Nikkei 400 Index, which also serves as the underlying benchmark for JPN and JPXN.
The Japanese yen (JYN) returned to weakness against the US dollar as political uncertainty in the euro area fell at the end of the week that ended on June 1. The Japanese yen (FXY) closed the week at 109.55, falling 0.15% against the US dollar (UUP) for the week that ended on June 1. Many developments last week, including renewed tariffs from the US government, should have increased the demand for the yen due to its safe-haven characteristics, but investor indifference to these developments limited any gains.
Last week, the Japanese yen (JYN) managed its first weekly gain against the US dollar in nine weeks as global risk aversion increased in response to political and geopolitical uncertainties. The yen (FXY) closed the week at 109.39, rising 1.2% against the US dollar (UUP). The news about US President Donald Trump canceling the US–North Korea summit and political uncertainties in Europe increased the demand for safe-haven assets, including the yen.
Last week, the Japanese yen (JYN) depreciated against the US dollar for the eighth consecutive week as the dollar continued its upward surge. It was the best run for the dollar against the yen since October 2014. The primary reason for the yen’s weakness is the widening spread between the US and Japanese treasuries, which is being driven by strong US economic performance compared to Japan.
The US Iran nuclear deal pullout failed to increase demand for haven bids such as the yen. The yen (FXY) closed last week at 109.39 against the US dollar (UUP), depreciating by 0.25%. A weak yen is positive for the export-dependent Japanese economy.
Last week, the Japanese yen (JYN) depreciated against the US dollar for a sixth consecutive week as the US dollar continued to rally. The US dollar rallied due to the Fed’s hawkishness and continued economic improvement. As Japanese markets were closed for three days last week, there was limited data reported from the Japanese economy. In the week ended May 4, the yen (FXY) closed at 109.1 against the US dollar (UUP), depreciating 0.06%. The yen’s (YCL) dream run seems to be done for now, and yen speculators have moved into bearish territory after staying net long for a little over four weeks.
The Japanese yen (JYN) depreciated against the US dollar for a fifth consecutive week, as the US dollar continued to rally on the back of higher bond yields and the prospect of a faster rate hike pace from the US Fed. The Bank of Japan had its April meeting and left all policy rates unchanged, and the key takeaway was removing the target date to achieve the 2% inflation target. Japanese yen (YCL) speculators are moving back into short territory after staying net-long for four weeks. As per the latest “Commitment of Traders” (or COT) report, released on April 27 by the Chicago Futures Trading Commission (or CFTC), speculators on the Japanese yen had a net long position of 583 contracts, compared to 2,591 long contracts the week before.
The Japanese yen (JYN) continued its depreciating trend in the previous week. Risk aversion receded and the US dollar rallied following higher bond yields and commodity prices. Now that geopolitical risks have declined, the demand for the yen as a safe haven will likely be low and could lead to more depreciation.
The Japanese yen (JYN), a safe haven asset, has failed to appreciate despite an increase in uncertainty in recent weeks. Despite ongoing trade war concerns and the US-led attack on Syrian chemical weapon facilities, the yen fell. In the week ended April 13, the yen (FXY) closed at 107.3 against the US dollar (UUP), depreciating by 0.38%.
In response to the rising yen and global trade war fears, the Bank of Japan bought the largest amount of ETFs on record last month, stabilizing Japanese equity markets. The BOJ revealed it bought 833 billion ...
The Japanese yen (JYN) extended its gains against the US dollar as the latter struggled amid tariff concerns related to the Trump administration. The Japanese equity markets reacted negatively to the yen’s appreciation, as many Japanese companies rely on exports for their revenues.
The Japanese yen (JYN) managed to claw back its losses after the scare about a second round of tariffs hit the global financial markets last week. Japan’s February exports, March manufacturing, and inflation reports are expected this week.
The Japanese yen (JYN) lost out to increased risk appetite thanks to softer-than-expected tariffs and the positive geopolitical development involving US President Donald Trump and North Korea’s Kim Jong Un. Also driving the yen higher were the comments from the Bank of Japan’s governor, Haruhiko Kuroda, who tried to take back his comments about the policy shift toward tightening. For the week ended March 9, the yen (FXY) closed at 106.80 compared to the US dollar (UUP), an appreciation of 0.99%.
The Japanese yen (JYN) regained its strength against the US dollar. The other factor that contributed to the yen’s appreciation was the comment from Bank of Japan Governor Haruhiko Kuroda. Kuroda used the word “exit” when referring to the central bank’s accommodative monetary policy program.
The Japanese yen (JYN) gave up some of its gains in the previous week as the US dollar appreciated on the back of the increased odds of US rate hikes in the near future. The US dollar received a boost from the FOMC meeting minutes, which indirectly had a negative impact on the Japanese yen. Improved economic indicators from Japan did little to boost the yen last week.
The Japanese yen (JYN) managed to hold on to its gains from the past two weeks despite the increase in risk appetite. The Japanese yen is considered a safe haven in times of market sell-offs and had seen increased demand during the recent market correction. The surprise was that the yen held on to its gains during the market rebound.
The Japanese yen (JYN), along with the US dollar, saw a sharp increase in demand as risk aversion gripped global markets. The yen is considered a safe haven in times of market sell-offs because of its current account surplus. In the week ended February 9, the yen (FXY) closed at 108.80 against the US dollar (UUP), appreciating by 1.2%. Japanese equity markets (EWJ) fell sharply, reacting to the global market sell-off, with the Nikkei 225 (JPXN) posting a loss of 8.1% in the week ended February 9.
The Japanese yen (JYN) retracted against the US dollar last week as US dollar bulls tried to take control. A hawkish Federal Reserve along with a strong jobs report and wage growth gave some reason for the dollar bulls to cheer, and that resulted in a decrease in demand for the Japanese yen. For the week ended February 2, the Japanese yen (FXY) closed at 110.16 against the US dollar (UUP), depreciating 1.3%.
The Japanese yen (JYN) was the only major currency that was unable to benefit from the weakness in the US dollar (UUP), although that trend changed during the week ended January 12. During the week, the yen (FXY) closed at 111.04 against the US dollar (UUP), compared to 113.08 in the week ended January 5, appreciating by 1.8%. The boost to the yen came from the US dollar’s weakness and the comments from Bank of Japan governor Haruhiko Kuroda, who expressed confidence about the Japanese economy.