Invesco CurrencyShares Japanese Yen Trust (FXY) Stock Analysis — Latest Investor Quotes & Trade Calls

Adidas Impacted by Currency Headwinds

"Shares fell as much as about 5 and a half percent this morning and they\'re down about 20 percent year to date. Adidas had its third quarter results where revenue came in slightly shy of estimates, weighed down by foreign exchange movements that proved to be a large headwind. Even though the market reacted negatively, Adidas raised its operating profit forecast, citing brand momentum, which was already expected by analysts."

Adidas is experiencing selling pressure largely driven by significant currency headwinds affecting its quarterly revenue, despite a positive revision in operating profit guidance based on brand momentum. The earnings news is already largely priced in, leaving little room for a market turnaround in the short term.

Buy Yen ETF (FXY) Amid Weak Dollar

-4.85%current return

"…that if you're looking for a place to go to make money and also be in one of the few areas that probably would go up in an intense riskoff period, I think that's the yen. You can buy the FXY."

The speaker highlights deteriorating fundamentals in the US dollar relative to other currencies and recommends buying the yen through the FXY ETF as a hedge and opportunity to profit from a potential devaluation.