CurrencyShares Japanese Yen Trust (FXY)

CAPS Rating:

Exch traded fund to reflect prices of CN $ in USD

View All Commentary (FXY)

Recs

1

Avatar GeoPetr (70.63) Submitted: 4/01/08 12:06 AM : Start Price: $99.05 FXY Score: 20.95

The US Dollar will continue to weaken against major currencies until the US current account is more balanced. With high oil prices and the Fed's response to the credit crunch; the dollar is headed lower. The Yen appears to be a strong currency because the unwinding of the carry-trade will create demand for Yen

Report this Post Replies: 1 | Reply

Avatar UCLAgrdstnt (38.73) Submitted: 5/09/08 8:39 PM

Recs: 0 | Rec This

I've just heard about that on Small Cap Investors. I wonder how much further the unwinding has to go or if it's already happened largely since 07... My guess is it still has a ways to go but I was wondering about data...

Report this Post Reply

CurrencyShares Japanese Yen Trust (FXY)

1

Featured Broker Partners