Exchange-traded funds that invest primarily in yen-backed assets such as short-term debt instruments and bonds, or hold the currency in simple interest-bearing accounts that pay the current money market yields in Japan. Some Yen ETFs will match (with a dividend yield) the current income earned on the yen assets, or may use that income to pay the expenses of managing the ETF. Watch: Understanding ETF |||Unlike basic money market funds, Yen ETFs do not seek to maintain share price stability (as in $1 per share); performance is primarily driven by the performance of the Japanese yen compared to the the U.S. dollar. The Japanese yen is one of the most traded currencies in the world, along with the dollar and the euro. Japan's historically low interest rates make it a sought after currency for borrowing, but the borrowed funds are often used to invest in foreign securities and debt.
A slang term for the stock market in the United States. Yankee market is usually used buy non-U.S. residents and refers to the slang term for an American - a Yankee. |||The term Yankee market was used in business slang but has become widely accepted, much like the "bulldog market" refers to the U.K. market and "samurai market" refers to the market in Japan. The term Yankee (or Yank) itself is sometimes as a playful, sometimes derogatory, reference to U.S. citizens.
A currency that trades in markets outside of its domestic borders. "Xeno" is a prefix meaning foreign or strange. |||An example of a xenocurrency is the Chinese yuan when it is traded in the United States. When currency is deposited by national governments or corporations in banks outside their home market, it is sometimes referred to as a "eurocurrency" (this applies to any currency and to banks in any country).
The currency abbreviation for the Samoan tala (WST), the currency for Samoa. The Samoan tala is made up of 100 sene and is often presented with the symbol WS$, but is also represented by SAT, ST or T. The words "tala" and "sene" are Samoan equivalents to the English words "dollars" and "cents". |||In 1967, the Samoan tala replaced the pound at a rate of 2 tala to 1 pound. This made the tala equivalent to the New Zealand dollar. The tala remained at parity with the New Zealand dollar until 1975.
Currency notes that are torn, damaged or badly soiled. Banks separate such currency notes daily from the amounts that they collect from the public and exchange them for crisp new bills at the Federal Reserve Bank. |||Worn currency notes are assessed by the Federal Reserve Bank,which reviews the notes and determines whether they can be recirculated or should be retired from the money system. The Federal Reserve destroys worn currency notes at some of its banks located throughout the country.
A situation where the U.S. dollar's value is decreasing relative to one or a basket of foreign currencies. Essentially, a weak dollar means that a U.S. dollar can exchange for fewer amounts of foreign currency. The dollar may weaken due to changes in the interest rate and outlook on the U.S. economy's future. |||Depending on the type of transaction that a party is participating in, possessing a weak dollar is not necessarily a bad situation. For example, a weak dollar may be bad news for U.S. citizens wishing to vacation in foreign countries, but it could be good news for U.S. tourist attractions, as it also means that the U.S. would be more inviting as a destination for foreign vacationers.
A currency with value that has depreciated significantly over time against other currencies. The long-term outlook for a weak currency is that it will continue to lose value due to fundamental weaknesses in the nation that issues this currency. |||Weak currency nations generally have poor economic fundamentals, which may include a high rate of inflation, chronic current account and budget deficits and sluggish economic growth. Nations with weak currencies usually have much higher levels of imports, compared with their exports, resulting in more supply than demand for such currencies on international foreign exchange markets if they are freely-traded currencies. While a temporarily weak phase in a major currency provides a pricing advantage to its exporters, such a benefit seldom accrues to exporters in weak currency nations, since other factors such as high input costs and bureaucratic red tape may offset this advantage.
A transaction executed at the same price as the trade immediately preceding it, but at a price higher than the transaction before that. For example, if shares are bought and sold at $47, followed by $48 and $48, the last trade at $48 is considered to be a zero uptick. This distinction can be important for short sellers trying to avoid shorting an ascending stock. Also known as a zero-plus tick. |||The technique of shorting on a zero uptick is not applicable to all investment markets, due to various rules and regulations prohibiting or restricting such transactions. The forex market, which has limited restrictions on shorting, is among the markets in which the technique is more popular.