FXY News and Press, Invesco CurrencyShares Japanese Yen Trust From 04/28/23

2023-04-28 00:59:51 ET Japan’s unemployment rate unexpectedly rose to 2.8% in March 2023 from 2.6% in February, above market consensus of 2.5%. This was the highest reading since January 2022, as the number of unemployed increased by 150 thousand to 1.95 million, the high...

2023-04-27 09:30:00 ET Summary Australia and China have light economic calendars for the remainder of the week. The eurozone is thought to have expanded by 0.2% in Q1 after Q4 22 was revised to -0.1% from flat. News that the US House of Representatives passed a bill to lift th...

2023-04-26 16:38:38 ET Summary The yen has a strong history of appreciating during periods of U.S. recessions as U.S. interest rate cuts cause a relative tightening in Japanese monetary policy. This time around, the yen is also starting from a position of extreme undervaluation, a...

2023-04-26 08:30:00 ET Summary The euro's strength is helping to lift the eastern and central European currencies higher to lead the emerging market complex. Underlying inflation remains high at 8% (peaked at the end of last year at 10.2%) and the base effect suggests further slow...

2023-04-25 07:25:00 ET Summary Risk appetites dried up today. Asia-Pacific equities were trounced outside Japan. Hong Kong and mainland shares that trade there set the tone today, falling 1.7-1.9%. Europe's STOXX 600 is off almost 0.5%, which, if sustained, would be the largest de...

2023-04-24 14:08:00 ET Summary Yield curves and credit spreads are good indicators but the former aren’t particularly timely and the second can provide a lot of false signals. Interest rates rose last week but the short-term trend for the 10-year Treasury yield is still dow...

2023-04-24 07:20:00 ET Summary The dollar is mostly lower, led by the Swiss franc and euro. Despite softer US rates and a victory for the LDP in local Japanese elections, the yen is trading with a softer bias. Japanese stocks recovered from the pre-weekend profit-taking seen a...

2023-04-22 10:42:00 ET Summary As April draws to a close, the systemic stress in the banking sector continues to subside, and the market is turning its attention to likely rate hikes by Federal Reserve and European Central Bank in early May. In term, of data, both the US and euroz...

2023-04-21 00:44:57 ET The annual inflation rate in Japan inched lower to 3.2% in March 2023 from 3.3% in the previous month. This is the second straight month of slowing inflation after Japan’s headline inflation hit a 41-year high of 4.3% in January. Core consumer...

2023-04-20 07:55:00 ET Summary Most Asian bourses were lower. The Nikkei (though not the Topix) and Hong Kong were the chief exceptions. Europe's STOXX 600 is off for the second consecutive day, in what looks like the first back-to-back loss since early this month. US equity f...