On the flip side, currency investors expect insurers to repatriate some funds into yen in coming months to pay for rebuilding in the wake of the disaster in Japan, says Andrew Johnson for The Wall Street Journal. CurrencyShares Japanese Yen Trust (NYSEArca: FXY) has bounced recently after a sharp decline.
CurrencyShares Japanese Yen Trust
Other Japan ETF plays:
- WisdomTree Japan Small Cap Dividend (NYSEArca: DFJ): Down 5.2% over the past week; weights heavily in industrials and consumer discretionary sectors.
- SPDR Russell/Nomura Small Cap (NYSEArca: JSC): Down 5% over the past week; weighted heavily in industrials and consumer discretionary sectors.
- iShares MSCI Japan Small Cap (NYSEArca: SCJ): Down 5.3% over same time period; industrials, consumer discretionary and financials are top holdings.
- SPDR Russell/Nomura PRIME (NYSEArca: JPP): Down 5.4% over past week; industrials, consumer discretionary and financials are top holdings.
- WisdomTree Japan Hedged Equity (NYSEArca: DXJ): Down 1.7% over the past 10 days; weighted heavily in industrials and consumer discretionary sectors.
Read the disclaimer; Tom Lydon is a board member of Rydex|SGI.
Tisha Guerrero contributed to this article.