April 2, 2024 | Daily JAM |
Today’s Hot Button Moves NOW video is Buy Japanese Yen. I frankly can’r remember the last time I recommended buyinfg Yen. No one has wanted to buy the Yen for a long time, and it was the last major currency to have negative interest rates. The Bank of Japan has finally moved interest rates into positive territory. But, just barely. U.S. 10-year Treasury yields are currently at about 4.2% and the gap is about 3.5% between that and the Japanese government bond. A popular short is betting that the gap will get even wider. And the Yen is under speculative attack with market pressure to driving it down lower. But the Yen is currently too low, the Bank of Japan is starting to say ans the current price against the dollsr is around where it was the last time the Bank of Japan intervened. It’s likely we’ll hear more talk of intervention in the next three months or so and because there’s such a large short position we’re likely to see a decent pop in the Yen. To take advantage of this (potential) bounce, you can use the Invesco CurrencyShares Japanese Yen Trust ETF (FXY). Also, I would hold on to any Japanese stocks until we see that bounce. This isn’t a long term play, nor should it be a big chunk of your portfolio, but it’s a play that could see pop in the next three months.
March 11, 2020 | Daily JAM |
The yen climbed and the Tokyo-traded S&P 500 futures fell 3% as of 10 p.m. New York time after President Donald Trump's speech on the coronavirus outbreak. Japanese stocks themselves lost 4%. Futures on the technology-heavy Nasdaq index dropped as much as 5%,...
October 23, 2017 | Daily JAM, Notes You Need |
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. It includes items like this from today: “10:40 a.m.: A teardown by iFixit showed that the Visual Core chip from Google’s new Pixel 2 phone is built on an Intel (INTC) chip. A Google spokesperson told CNBC that the “Pixel Visual Core is a custom designed process from Google” that the company built “with Intel.” Google also confirmed the Alphabet’s Wayne self-driving technology uses Intel chips.
September 10, 2014 | Daily JAM, Morning Briefing, Short Term |
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October 21, 2013 | Daily JAM, Morning Briefing |
While weakness in the U.S. dollar—on a consensus Wall Street view that the Federal Reserve won’t begin reducing its $85 billion a month in asset purchases until March 2014—is getting all the attention, a falling yen is starting to renew the rally in Tokyo share prices
September 30, 2013 | Uncategorized |
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
June 22, 2013 | Uncategorized |
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
May 15, 2013 | Daily JAM, Morning Briefing |
Japan’s Nikkei 225 closed above 15,000 for the first time since December 28, 2007 today. The index is now up 77% from its November bottom. The yen fell as low as 102.42 to the U.S. dollar, the lowest level for the Japanese currency since October 2008.
April 8, 2013 | Daily JAM, Morning Briefing, Short Term |
The yen fell another 1.7% against the U.S. dollar today to 99.23 to the dollar. The currency has now tumbled 6.2% since Thursday’s more aggressive than expected move by the Bank of Japan. The yen is now down 21.4% in six months.
