FXY News and Press, Invesco CurrencyShares Japanese Yen Trust From 06/25/23

2023-06-25 00:15:00 ET Summary The market has been skeptical of the Fed's hawkishness. We look for the market to move toward the Fed (again), perhaps helped by another sticky core PCE deflator, which is seeing little improvement. This adjustment may help the dollar extended it...

2023-06-23 07:56:00 ET Summary The Chinese yuan still exhibits a strong gravitational pull on other Asian currencies, but it is not as strong this year as it has been. If you use the analogy of the solar system to think about currencies, then the US dollar is clearly the sun, arou...

2023-06-23 06:58:00 ET Summary Disappointing PMIs from Europe, Japan and Australia helped boost the greenback. The Dollar Index is trading at seven-day highs above 103. The unwinding of cross positions is helping the yen hold its own today as it consolidates near its worst level o...

2023-06-23 01:07:22 ET The au Jibun Bank Japan Manufacturing PMI declined to 49.8 in June 2023 from a final 50.6 in May, which was the highest reading in seven months, a flash reading showed. It was the fifth contraction in factory activity so far this year, as both output and n...

2023-06-23 00:44:26 ET The annual inflation rate in Japan unexpectedly declined to 3.2% in May 2023 from April's 3-month high of 3.5%, missing market forecasts of 4.1%. Core inflation, which excludes volatile fresh food prices also dropped to 3.2% in May from a 3-month p...

2023-06-22 07:06:00 ET Summary A 25 bp hike is widely expected from the Bank of England today, but after a strong inflation report, the risk is clearly for a 50 bp hike. A quarter-point move could see sterling sold. The dollar is on the defensive. The recovery we expected has been...

2023-06-21 07:35:00 ET Summary Sterling has been sold on the news of higher-than-expected consumer inflation and a budget deficit and is the weakest of the G10 currencies, off about 0.5%. The dollar is mixed, with the euro, Swedish krona, Canadian dollar, and Swiss franc posting s...

2023-06-20 07:41:00 ET Summary The dollar is mixed but mostly stronger today. It is reversing lower against the yen after reaching new highs for the year. Like yesterday, the dollar bloc currencies and Scandis are the heaviest. EM currencies are mostly lower. The Mexican peso is t...

2023-06-19 22:20:00 ET Summary The Russell 1000 and the S&P 500, the two main broad US large-cap indexes, are both up about 15% this year. But the growth and value versions of these two indexes have produced very different results. The dollar was down last week, presumably on ...

2023-06-18 09:20:00 ET Summary The Dollar Index fell for the third consecutive week and its 1.25% decline was the largest in five months. The BOJ is signaling no strong urgency to change policy, but many expect an adjustment in the second half of the fiscal year that begins in Oct...