YCL - ProShares Ultra Yen
| Previous Close | 54.24 |
| Open | 54.43 |
| Bid | 54.35 x 900 |
| Ask | 54.38 x 1100 |
| Day's Range | 54.38 - 54.43 |
| 52 Week Range | 53.53 - 61.96 |
| Volume | 102 |
| Avg. Volume | 2,322 |
| Net Assets | 5.56M |
| NAV | 54.25 |
| PE Ratio (TTM) | N/A |
| Yield | 0.00% |
| YTD Return | -5.71% |
| Beta (3Y Monthly) | 0.85 |
| Expense Ratio (net) | 1.01% |
| Inception Date | 2008-11-24 |
- Market Realist•10 months ago
Treasury Yields and Trade War Fears Driving USD-JPY Price Action
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.
- Market Realist•11 months ago
Will Safe-Haven Demand Push the Japanese Yen Higher?
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.
- Market Realist•11 months ago
Why Fed Minutes Could Put Further Pressure on 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.
- Market Realist•11 months ago
Could There Be Respite for the Falling Yen?
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.
- Market Realist•11 months ago
Will the Japanese Yen Continue to Depreciate against the US Dollar?
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.
- Market Realist•last year
What’s Next for the Yen after Global Risks Recede?
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.
- Market Realist•last year
Bank of Japan: Weak Data Might Mean More Easing
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.
