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Posts Tagged ‘yen’

Fed move leaves yen as last safe haven standing

The Japanese yen soared 2% Monday after the Federal Reserve announced that it would cut interest rates and add $700 billion to its balance sheet by buying Treasuries and mortgage-backed securities. The dollar is down 0.66% today against the DXY Spot Index, a basket of major trade currencies. (0.66% is a huge move in the […]

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Stocks fall again as WHO declares coronavirus pandemic, White House fails to deliver stimulus plan–no place to hide outside of Treasuries and the yen

As of 1:45 p.m. in New York the Standard & Poor's 500 is down 4.62% and the Dow Jones Industrial Average is off 5.13%. The NASDAQ Composite is lower by 4.40% and the Russell 2000 small cap index, with its heavy load of smaller U.S. oil producers, has lost 5.23%. Speaking of oil, U.S. benchmark […]

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One consequence of the change in Fed policy likely to be a weaker dollar

A number of Wall Street and big international banks are forecasting a drop in the dollar as a result of the Fed's decision to back off on raising interest rates in 2019. Morgan Stanley, for example, says that the dollar has peaked and has forecast the yen climbing to 102 to the dollar and the […]

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Adding yen exposure to Jubak Picks and Volatility Portfolios

On December 27 I switched to the  Invesco Currency Shares Japanese Yen ETF (FXY) from the Vanguard FTSE Developed Markets ETF (VEA) in my Perfect 5 ETF Portfolio in an effort to get more yen exposure and a little more safety during this Bear market. Tomorrow I'm going to add this ETF to my Jubak […]

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Asian manufacturing data spur stock tumble

It's not just China anymore. Unfortunately. The Caixin Media and IHS Markit Purchasing Managers Index for China's manufacturing sector fell to 49.7 in December  from 50.2, its lowest reading since May 2017. That confirms a trend seen in the official government PMI on Monday, which showed a drop to 49.4 in December, the weakest since […]

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European markets sink into bear today; I’m switching back to yen and selling the euro in my ETF Portfolio

Back on October 3 I switched from the  Invesco Currency Shares Japanese Yen ETF (FXY) to the Vanguard FTSE Developed Markets ETF (VEA) in an effort to get a little more performance out of this slot in my Perfect 5 ETF Portfolio. (This ETF invest in both Japan and Europe.) And for a little while […]

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Re-buy Vanguard FTSE Developed Markets for my Perfect 5 ETF Portfolio

Earlier today I sold the Invesco Currency Japanese Yen ETF (FXY) in my Perfect 5 ETF Portfolio. Now I'm replacing it with the Vanguard FTSE Developed Markets ETF (VEA). The sell and the buy will cut the portfolio's exposure to the Japanese yen and increase its exposure to the euro at a time when market […]

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Sell Invesco Currency Shares Japanese Yen in my Perfect Five ETF Portfolio

As I wrote in the Bonus ETF section of my recent Special Report: 10 Picks for the Emerging Market Bounce I'm selling the Invesco Currency Shares Japanese Yen ETF (FXY) out of my Perfect Five ETF Portfolio. I added this to the portfolio on July 17, 2018 to give me more exposure to the safe […]

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Dollar fundamentals continue to erode

I don't think there's anything more important to financial markets--well, assuming we don't get some kind of completely off-the-wall black swan event--over the next three months or so than the strength or weakness of the dollar. My judgment on trends in the greenback are crucial to my thinking on an emerging markets bounce, on equal […]

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Dollar falls as President Trump criticizes Federal Reserve policy again

For a second straight day President Donald Trump has tweeted out criticism of the Federal Reserve's policy decision to raise interest rates. In his tweets today the President wrote: "China, the European Union and others have been manipulating their currencies and interest rates lower, while the U.S. is raising rates while the dollars gets stronger […]

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