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FXY

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    62.6757$
  • Previous Close
    62.4729$
  • 52 Week Change
    --
  • Day Range
    0.20$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

FXY.US is the Invesco CurrencyShares Japanese Yen Trust ETF. This ETF is designed to track the price of the Japanese Yen relative to the U.S. dollar. It provides investors with a way to gain exposure to the yen without directly purchasing the currency.
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Factors

Interest Rate Differentials: Changes in interest rate differentials between the US and Japan can significantly impact the exchange rate. Higher US interest rates generally strengthen the dollar, decreasing FXY.US's value.

Economic Data Releases: Key economic data releases from both the US and Japan, such as GDP growth, inflation rates, and employment figures, can affect investor sentiment and influence currency valuations.

Monetary Policy: Actions and announcements by the Federal Reserve (US) and the Bank of Japan (BOJ) regarding monetary policy, including quantitative easing or tightening, can impact the yen/dollar exchange rate.

Geopolitical Events: Geopolitical events and global risk sentiment can also play a role. Increased risk aversion often leads to a flight to safety, potentially benefiting the Japanese yen.

Market Sentiment: Overall market sentiment and speculative trading activity can contribute to short-term fluctuations in the yen/dollar exchange rate, affecting FXY.US's price.

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