Is buying FXY ETF the same as buying Japanese cash? Can I expect the same kind of return and protection?
9 thoughts on “How to Buy Japanese Yen – FXY?”
I don’t think that it the right asset, you have to go to forex and sell USD/JPY.
You can check up some places like oanda.com, fxcm.com saxobank.com and many others.
I just have to activate my account with the broker.
Never got around to that, and as I mentioned, now is a stressful and busy time for me, both with stocks and work. Don’t think I’d be able to make sense of forex quickly enough.
What’s wrong with FXY?
May be i’m wrong, just do filter my opinion through your understanding of things or the point of view.
You can check up also UDN.
I was just looking at UDN, thanks. I’ll read up on these.
Don’t know if I should sleep tonight or not, getting pretty tired.
Thanks for the fibs sharing 🙂
Before you’re walking to bed, take a look at Domino Priciple 🙂
Kat,
FXY is fine. Original post had some links, gone to spam heaven I guess.
Look under currency on my blog “Investment Themes” post
jog on
duc
Duc,
do you have a target for FXY or is it a long-term hold?
(hm, I don’t know why these should be contradictory 🙂 )
Reading your ‘currency’ articles now.
Kat,
Currencies trend for long periods, so I’ll look to hold it for a few years. Really what I’ll look for is parity in the Japanese interest rates compared to the Euro and US dollar. I’ll close the trade somewhere around parity.
I don’t think that it the right asset, you have to go to forex and sell USD/JPY.
You can check up some places like oanda.com, fxcm.com saxobank.com and many others.
I just have to activate my account with the broker.
Never got around to that, and as I mentioned, now is a stressful and busy time for me, both with stocks and work. Don’t think I’d be able to make sense of forex quickly enough.
What’s wrong with FXY?
May be i’m wrong, just do filter my opinion through your understanding of things or the point of view.
You can check up also UDN.
I was just looking at UDN, thanks. I’ll read up on these.
Don’t know if I should sleep tonight or not, getting pretty tired.
This is nothing to do with Yen, just wanted to share a link:
http://home.earthlink.net/~intelligentbear/com-fibs.htm
(fibs = lies)
Thanks for the fibs sharing 🙂
Before you’re walking to bed, take a look at Domino Priciple 🙂
Kat,
FXY is fine. Original post had some links, gone to spam heaven I guess.
Look under currency on my blog “Investment Themes” post
jog on
duc
Duc,
do you have a target for FXY or is it a long-term hold?
(hm, I don’t know why these should be contradictory 🙂 )
Reading your ‘currency’ articles now.
Kat,
Currencies trend for long periods, so I’ll look to hold it for a few years. Really what I’ll look for is parity in the Japanese interest rates compared to the Euro and US dollar. I’ll close the trade somewhere around parity.
jog on
duc