FXY News and Press, Invesco CurrencyShares Japanese Yen Trust From 04/12/23

2023-04-12 12:35:00 ET Summary FX markets currently price a 30% chance that USD/JPY trades at 120 at, or even before, the end of the year. 120 is our year-end forecast and is premised on the US going into recession and the Fed cutting rates by 100 basis points later this year. ...

2023-04-12 07:20:00 ET Summary Today's highlight is the March US CPI. Headline price pressures are easing but the core rate is sticky, and the odds of a hike next month have crept up. Asia-Pacific region equities were mostly higher, and Europe's STOXX 600 is advancing for the thir...

2023-04-12 01:10:00 ET Japan's core machinery orders, which exclude those for ships and electric power companies, fell 4.5% month-on-month in February 2023, reversing from a 9.5% gain in January but coming in better than market expectations for a sharper 7.8% drop. On an annual basis,...

2023-04-11 07:15:00 ET Summary The dollar rose yesterday but is trading with heavier bias today, though mostly confined to yesterday's ranges. Yesterday's setback in the yen helped lift Japanese stocks, with the Nikkei advancing 1%. Several other markets in the region also gai...

2023-04-10 08:15:00 ET Summary In the Asia-Pacific region, Hong Kong, Australia, and New Zealand, and the Philippines markets were closed. All the regional bourses advanced but China. European markets remain closed. US equity futures are narrowly mixed. The dollar is trading q...

2023-04-10 02:04:14 ET Japan consumer confidence index reaches 33.9 in March from 31.1 in the previous month and above market forecasts of 31.9. This was the highest reading since May 2022. The economy recovered further from pandemic disruptions, with households' sentiment strengthe...

2023-04-08 10:12:00 ET Summary Bank shares rose in Japan and Europe for the second consecutive week, but the KBW US bank index fell nearly 2% after increasing 4.6% in the last week of March. The US two-year yield was above 5% before the flare-up of banking stress and dropped to 3....

2023-04-06 07:30:00 ET Summary The poor US economic data yesterday and the third consecutive decline in the KBW bank index weighed on risk sentiment. Infrastructure projects appear to be a key impetus behind the recovery, and it is fueled by significant credit growth. The mark...

2023-04-05 15:00:39 ET The U.S. stock market will be closed on Friday in observance of the Good Friday holiday. However, the U.S. government doesn't recognize the day as an official federal holiday. As a result, while stock trading may be offline, Wall Street will still receive the...

2023-04-05 11:21:00 ET Summary Fast support for the US banking system has seen the dollar turn lower from distressed highs as investors have switched to focusing on easing from the Federal Reserve. Conviction levels are rising that the dollar will sell off - but timing remains key...