Multiplex Index: Eyes on the Yen
The dollar rose against some currencies today, but it's the yen that's getting the headlines this morning as more investors have looked into the future and ... freaked out. The yen specifically has been strengthening against the dollar and euro of late. According to Bloomberg, many are hiding out in the yen expecting down earnings posts, little news of improvement in the global economy and on reports of a surprising slump in machinery orders in Japan.
The CurrencyShares Japanese Yen(FXY) was tracking up 0.6% in the morning. CurrencyShares Euro(FXE) was just barely in positive territory after the bell, while CurrencyShares British Pound Sterling(FXB) was sliding 0.1%. PowerShares DB US Dollar Index Bullish(UUP) was losing 0.1%, while PowerShares DB US Dollar Index Bearish(UDN) was up 0.2%. On the Multiplex front, thanks to the dollar's swings since our last update, it looks like Europe is a good choice for maximizing your moviegoing budget. Specifically, a flight to Madrid or London might stretch the dollar a bit more compared to yesterday. Bonus points if you manage to catch the overseas reaction to one of America's homegrown and most notorious bank robbers in Public Enemies.
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