FXY News and Press, Invesco CurrencyShares Japanese Yen Trust From 06/09/23

2023-06-09 15:10:00 ET Summary The Federal Reserve is expected to leave policy rates unchanged on 14 June, despite recent market pricing shifts. Conflicting data and mixed messages in recent data releases suggest it may be prudent for the Fed to pause and evaluate. If rates ar...

2023-06-09 07:03:00 ET Summary Long US dollar positions were pared yesterday as rates unwound the gains scored in the wake of the BoC's surprise hike on Wednesday. It is consolidating today as the market looks towards next week’s central bank meetings. The dollar is firmer ...

2023-06-08 00:34:52 ET On an annualized basis, the Japanese economy expanded 2.7%, significantly better than the preliminary 1.6% figure and higher than forecasts of 1.9%. The Japanese economy advanced 0.7% Q/Q in Q1 of 2023, compared with a flash reading of a 0.4...

2023-06-06 06:55:00 ET Summary Australian stocks sold off (~1.2%), while large markets outside of China rose in the region. Europe's STOXX 600 is straddling unchanged, and US equity futures are a little softer. The Australian dollar is the strongest currency in the G10 and hel...

2023-06-05 08:26:00 ET Summary The US dollar has extended its post-employment gains today, helped by firmer rates and several countries seeing downward revisions from the preliminary May PMI. The greenback is trading with a firmer bias against all the G10 currencies and most of th...

2023-06-05 01:55:24 ET The au Jibun Bank Japan Services PMI was at 55.9 in May 2023, compared to the preliminary reading of 56.3 and after a final 55.4 a month earlier. It was the ninth consecutive month of growth in the service sector and the fastest on record, amid recovery in...

2023-06-04 11:10:00 ET Summary The Federal Reserve's leadership seemed to have been on a purposeful campaign to indicate that it wanted to standpat at the June 13-14 FOMC meeting, and the market accepted the push back. China holds the most currency reserves in the world with a lit...

2023-06-03 08:45:00 ET Summary Given Japan’s historical record, the policy board was likely right, in our view. Japan has spent most of the past 25 years with inflation well below target, despite the central bank’s efforts. With US inflation having already peaked...

2023-06-02 07:47:00 ET Summary The dollar's three-week rally has been snapped. It is sporting a softer profile ahead of the data and is lower against all the G10 currencies. The dollar is also weaker against nearly all the EM currencies today, with the exception of the Turkish lir...

2023-06-01 01:13:42 ET The au Jibun Bank Japan Manufacturing PMI was at 50.6 in May 2023, compared with flash data of 50.8 and after a final 49.5 in April. This was the first growth in factory activity since last October, supported by a recovery in domestic economic conditions, ...