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Yen Plummets To 160 Against Dollar, Lowest Since December 1986: Is Bank Of Japan Intervention Imminent?The Japanese yen tumbled past 160 per dollar on Wednesday, surpassing its late April 2024 low that previously prompted sharp interventions from the Bank of Japan, which sold forex reserves to curb the yen’s volatility. The yen, as tracked by the Invesco CurrencyShares Japanese Yen Trust (NYSE:FXY), has now fallen to its lowest level since December 1987 against the greenback, depreciating by a third of its value over the past three years, amid a persistent divergence in interest rates between the Bank of Japan and other major central banks, particularly the Fed. At its June meeting, the Bank of Japan unanimously kept its key short-term interest rate at approximately 0% to 0.1%, as anticipated, following its first rate hike since 2007 and the conclusion of eight years of negative rates in March. Moreover, the board suggested it might consider reducing its JPY 6 trillion per month bond purchases at its July meeting. Japan spent $61.3 billion on currency intervention from late April to late May, a period likely involving two separate instances of intervention. Last week, the U.S. Treasury Department added Japan to a foreign exchange “monitoring list,” a decision not attributed to Japan's interventions in April-May to support the yen but for meeting two of the three mechanical criteria for the list. This chart shows a higher dollar-yen exchange rate, indicating the dollar strengthening against the yen. Analyst ...Full story available on Benzinga.comBenzinga · Jun 26, 2024

ETFs to Watch on Japan's First Yen Intervention Since 2022Japan's Ministry of Finance revealed that the country has conducted its first currency intervention since October 2022, aimed at stabilizing the yen following its decline to a 34-year low in April.Zacks Investment Research · Jun 3, 2024

Yellen Calls For Fair Trade With China, Urges Other Central Banks To Limit Currency InterventionsIn an interview on Monday, Treasury Secretary Janet Yellen outlined the current administration’s stance on several key economic issues, including tariffs on China and the need for domestic investment in strategic sectors, such as semiconductors and clean energy, which she believes are foundational for future job creation and national security. “The president believes it’s critically important for the United States to have a role in strategic industries,” Yellen told Bloomberg, underscoring the necessity of reducing dependence on China. She supported President Joe Biden‘s view that China’s “enormous subsidies in critical areas of advanced manufacturing has resulted in overcapacity,” and flagged them as unfair practices. This concern underpins the U.S. strategy to protect and stimulate domestic industries through legislative actions like the Inflation Reduction Act. These measures aim to bolster sectors that “are creating good manufacturing jobs in parts of the country that have been overlooked or have suffered from deindustrialization in the past.” During her visit to China, Yellen made it clear that the U.S. “would not allow Chinese overcapacity to harm our emerging industries.” The goal is not ...Full story available on Benzinga.comBenzinga · May 13, 2024

The Zacks Analyst Blog Highlights VXX, GLD, FXY, TLT and IEFVXX, GLD, FXY, TLT and IEF are part of the Zacks top Analyst Blog.Zacks Investment Research · Apr 8, 2024

3 Safe-Haven ETFs to Add Health to Your Portfolio NowWall Street has delivered weak performances since the start of Q2. These safe-haven ETFs can help keep your portfolio secure.Zacks Investment Research · Apr 5, 2024

BoJ Ends Negative Rate Era: ETFs to WinBank of Japan hiked its short-term interest rates to around 0% to 0.1% from -0.1%. It marked the first rate-hike in 17 yearsZacks Investment Research · Mar 19, 2024

Play These Currency ETFs Amid Rising Rate Cut BetsDriven by increased bets of interest rate cuts and a rising trend towards de-dollarization, the greenback is gradually losing its global dominance.Zacks Investment Research · Mar 6, 2024

5 Top ETF Stories of February To Be Watched in MarchWall Street surged to close out February with the S&P 500 and Nasdaq Composite notching their best February since 2015.Zacks Investment Research · Mar 5, 2024

Fed's Favorite Inflation Gauge Rises By Most In A Year, Bitcoin Soars, Putin's Nuclear ThreatTo gain an edge, this is what you need to know today. Inflation Gauge Please click here for an enlarged version of the chart of SPDR S&P 500 ETF Trust (ARCA:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market has failed to make progress since the release of hotter CPI. The chart shows that the stock market was pulling back before the release of PCE, but improved on release of PCE. The stock market has been anxiously awaiting PCE. PCE is the Fed’s favorite inflation gauge. PCE rose the most in a year. Here are the details: Headline PCE came at 0.3% vs. 0.4% consensus. Core PCE came at 0.4% vs. 0.4% consensus. In The Arora Report analysis, the stock market improved on the release of the PCE data as there was fear of an even worse number. Digging into the data that underlies PCE, in The Arora Report analysis, there is deflation in goods, but there is serious inflation in services. Deflation in goods is coming from China. The release of PCE data has triggered aggressive buying in AI stocks and bitcoin. The buying is especially aggressive in C3.ai Inc (NYSE: AI) after the release of PCE data. C3.ai released better than expected earnings after the close yesterday. As a full disclosure, a signal was given in The Arora Report's ZYX Buy Change Alert. The release of PCE data is also leading to very aggressive buying in small caps. As a full disclosure, iShares Russell 2000 ETF (ARCA: IWM) and its buy zone are in The Arora Report's ZYX Allocation Core Model Portfolio. Personal income and spending data was also released this morning. Here are the details: Personal spending came at 0.2% vs. 0.2% consensus. Personal income came at 1.0% vs. 0.5% consensus. Weekly initial claims came at 215K vs. 206K consensus. This indicates that the jobs picture remains strong, especially at the low end. However, the jobs picture is getting weaker in IT as many jobs are being replaced by AI. Yesterday, the Fed’s Williams, Collins, and Bostic said that the Fed will continue to be date dependent. Bostic ...Full story available on Benzinga.comBenzinga · Feb 29, 2024

What Lies Ahead of Japan ETFs If BoJ Hikes Rates Soon?Japan's benchmark inflation topped expectations in January. This development suggests growing speculation that the Bank of Japan (BOJ) may abandon its negative interest rate policy in the near future.Zacks Investment Research · Feb 27, 2024

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